Steel wire rod demand patchy as imports flow
May 24, 2013 | 03:30 PM
NEW YORK Domestic wire rod mills report mediocre business conditions overall amid flat demand and strong import competition.
"Were busy but we could be a lot busier," said one mill source.
Market sources across a variety of wire rod products said the specter of increased imports is one of the main factors affecting business. "(Customers) are telling us theyre buying imports, so how much is left to keep our mill going?" said a second mill source. "Theres no way the domestic mills could fall to (import) prices to protect their butts. ... Its going to hurt us."....
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