Wire rod prices steady as competition looms

Jan 17, 2014 | 05:11 PM | Stacy Irish

Tags  wire rod, steel, wire rod prices, import competition, Stacy Irish

NEW YORK — U.S. wire rod transaction prices remained unchanged this past week due to steady end-user demand and uncertainty in the global economy, according to market participants.

Producers are competing with lower offers from China and have kept transaction prices unchanged to remain competitive. Mesh-quality wire rod remains at $660 per ton ($33 per hundredweight) f.o.b. mill, although offers have been quoted at $690 per ton ($34.50 per cwt) for February rolling.....

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