Automotive driving cold-heading rod sales

May 31, 2013 | 05:21 PM | Samuel Frizell

Tags  steel rod, cold heading quality, automotive market, light vehicle sales, Charles Bradford, Braford Research Inc., LMC Automotive Ltd., Samuel Frizell

NEW YORK — Cold-heading quality steel wire rod has been a bright spot in the tepid steel rod market, with mills and rod buyers riding a wave of improving automotive sales.

"The automotive market is really good. Most cold-heading (rod) goes into those applications, so if that market is strong, the cold-heading market is good," a mill source said.

"These are the best months we’ve had in so many years," a rod buyer added.....

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