Steel wire rod prices fall as scrap declines
Apr 29, 2013 | 04:39 PM
| Samuel Frizell
NEW YORK Steel wire rod prices have retreated in April on the back of lower scrap prices, with many market sources having reported signs of weakness in the wire market at the beginning of the year.
Though some wire producers reported improved business in the first four months of 2013, most said sales were flat over the same period a year ago, and mill sources said they havent seen the effects of a gradually improving economy on their order books this year.
People havent seen the pickup there would normally be this time of the year. The weathers holding everything back. Were waiting for spring, one rod mill source told AMM. Were down everywhere about $1 (per hundredweight). ....
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