Wire rod price hikes tenuous: buyers
Jul 19, 2013 | 12:01 PM
| Samuel Frizell
NEW YORK Domestic steel wire rod mills have already announced to many of their customers that they are raising rod prices for August shipments, but rod buyers are skeptical the increases will stick as many this past week said they successfully squeezed out prices from suppliers at lower July shipment quotes.
"People saw the increase and they were able to jump onto July (rolling) schedules," a wire rod buyer on the East Coast said. "Everyones taking advantage of short lead times."
AMMs wire rod prices remained unchanged this past week, with mesh-quality rod transacting at around $640 per ton ($32 per hundredweight) f.o.b. mill, industrial-quality wire rod selling at $650 per ton ($32.50 per cwt), high-carbon wire rod trading around $700 per ton ($35 per cwt) and cold-heading quality selling at $740 per ton ($37 per cwt). ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.