Wire rod hikes said partially sticking

Nov 21, 2013 | 04:02 PM | Samuel Frizell

Tags  wire rod, rod market, wire rod mills, wire rod buyers, wire rod prices, Samuel Frizell

NEW YORK — Wire rod prices have increased after announcements were sent out earlier this month, but most purchases aren’t up the full $30 per ton that most mills announced.

While buyers reported paying up to $30 per ton ($1.50 per hundredweight) more compared with last month, most told AMM that the increases were around $20 per ton for material shipping in December.

"Clearly there’s an increase and everyone’s going to incur the increase on Dec. 1, but I don’t think it’s matching the scrap increase and the announcements," said one wire rod buyer who is paying about $20 per ton more for most grades.....

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