Steel wire rod sales ease on slow holiday week

Jul 05, 2013 | 03:16 PM | Samuel Frizell

Tags  steel, wire rod pricing, tepid market, mesh quality low carbon wire, industrial-quality low carbon wire, high-carbon wire rod, cold-heading wire rod, ferrous scrap Samuel Frizell

Domestic steel wire rod prices have held steady for the past two weeks, with mills and buyers reporting tepid market conditions and a slowdown during the July 4 holiday week.

AMM’s price for mesh-quality low-carbon wire rod held at $640 per ton ($32 per hundredweight) f.o.b. mill, while industrial-quality low-carbon rod is transacting at $650 per ton ($32.50 per cwt). High-carbon wire rod is $700 per ton ($35 per cwt), and cold-heading-quality material is $740 per ton ($37 per cwt).....

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