Wire rod prices flat, market awaits scrap settle

Dec 06, 2013 | 02:39 PM | Samuel Frizell

Tags  wire rod, steel, wire rod market, prices, price increases, industrial-quality wire rod, cold-heading quality wire rod, high-carbon wire rod. imports Samuel Frizell

NEW YORK — Wire rod prices were largely unchanged following a round of increases last month, with most buyers continuing to pay about $20 more than a month ago, as margins for buyers and suppliers remain compressed.

Wire rod mills announced $30-per-ton ($1.50-per-hundredweight) increases last month, but most customers did not pay the full increase, and prices settled up about $20 per ton ($1 per cwt), buyers and mills said.....

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