Steel wire rod prices flat amid weak demand

Oct 28, 2013 | 08:47 AM | Samuel Frizell

Tags  steel wire rod, wire rod prices, Nucor Corp., Samuel Frizell

NEW YORK — Steel wire rod prices are unchanged heading into November as weak demand and competition from imports leaves little room for an increase, mill sources and buyers told AMM.

Mesh-quality wire rod remains around $630 per ton ($31.50 per hundredweight), industrial-quality rod is about $640 per ton ($32 per cwt), high-carbon rod is around $680 per ton ($34 per cwt) and cold-heading-quality rod is about $770 per ton ($38.50 per cwt).

"Prices are moving sideways," a mill source said. "Volume is really a huge issue with so much import material."....

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