Steel wire rod price hikes mostly stick

Apr 12, 2013 | 02:14 PM | Samuel Frizell

Tags  wire rod, Gerdau Long Steel North America, Nucor, ArcelorMittal USA, steel demand, construction, steel imports, Samuel Frizell

NEW YORK — The steel wire rod market is humming along at a slow but constant pace, with rod mills holding on to most of their April price increases as demand in construction picks up for the spring, sources told AMM.

"It’s still sluggish, but there seems to be an underlying positive message in all this," one mill source said.

Domestic steel mills are holding on to most of their $35- to $40-per-ton ($1.75- to $2-per-hundredweight) wire rod price hikes announced for April 1 shipments (amm.com, March 29), sources said, with prices up between $25 and $40 per ton from pre-increase levels depending on tonnage and vendor. ....





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