Steel wire rod demand patchy as imports flow

May 24, 2013 | 03:30 PM |

Tags  steel wire rod, imports, scrap, high carbon, low carbon, Samuel Frizell

NEW YORK — Domestic wire rod mills report mediocre business conditions overall amid flat demand and strong import competition.

"We’re 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 they’re buying imports, so how much is left to keep our mill going?" said a second mill source. "There’s no way the domestic mills could fall to (import) prices to protect their butts. ... It’s going to hurt us."....

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