Wire rod prices slip with scrap, demand

Jun 21, 2013 | 04:46 PM | Samuel Frizell

Tags  Wire rod, rod buyers, rod mills, mesh, high carbon, cold-heading, automotive, scrap Samuel Frizell

NEW YORK — Domestic wire rod prices have slipped slightly over the past two weeks as scrap prices weakened and demand remains soft.

AMM’s price for mesh-quality low-carbon wire rod has eased to $640 per ton ($32 per hundredweight) f.o.b. mill from $650 per ton ($32.50 per cwt) in early June, while industrial-quality low-carbon rod is now at $650 per ton ($32.50 per cwt), down from $660 per ton ($33 per cwt). High-carbon wire rod is $700 per ton ($35 per cwt), down from $710 per ton ($35.50 per cwt) earlier this month, and cold-heading-quality....

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