Wire rod buyers seek market clarity
Feb 15, 2013 | 05:35 PM
| Samuel Frizell
NEW YORK Domestic wire rod buyers will try to get a handle on an uncertain market at the American Wire Producers Associations upcoming annual conference.
A drop in scrap prices earlier this month has left some buyers wondering whether mills will be forced to drop their prices, but an expected pickup in demand for the spring has left the outlook hazy.
"Right now, I think that crystal ball is not very long out there," a trader said. "Usually its three months, six months; now its pretty short." ....
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