Steel wire rod, rebar prices remain steady

Jun 06, 2014 | 05:40 PM | Nat Rudarakanchana

Tags  steel long products, wire rod, rebar, prices, imports, demand, China, Turkey Egypt

NEW YORK — Prices for most long steel products have remained steady in recent weeks as market participants noted low transaction volumes amid ample supply and unremarkable demand.

AMM’s price assessments for domestic wire rod, imported rebar and imported wire rod were unchanged this past week. Industrial-quality low-carbon wire rod held at $35 per hundredweight ($700 per ton) f.o.b. mill while imported material remained at $620 to $640 per ton ($31 to $32 per cwt) c.i.f. Port of Houston.

Wire rod market participants saw little or modest activity, with many reporting ample inventories thanks to a restocking of Chinese wire rod ahead of determinations in an ongoing trade case.....

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