Wire rod buyers seek market clarity

Feb 15, 2013 | 05:35 PM | Samuel Frizell

Tags  wire rod, American Wire Producers Association, market uncertainty, inventories, scrap, demand

NEW YORK — Domestic wire rod buyers will try to get a handle on an uncertain market at the American Wire Producers Association’s 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 it’s three months, six months; now it’s pretty short." ....

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