Automotive driving cold-heading rod sales
May 31, 2013 | 05:21 PM
| 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 weve had in so many years," a rod buyer added.....
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