Wire rod, rebar may face price bump
Aug 15, 2014 | 06:26 PM
| Nat Rudarakanchana
NEW YORK U.S. wire rod and rebar market participants are expecting further price increases in the coming weeks even as tags held steady this past week, although views were mixed on how the hikes would be met.
While the hikes could be accepted in a busy rebar market, wire rod buyers could resist the moves amid uncertainty about demand, they noted.
AMMs prices were unchanged at $32.50 per hundredweight ($650 per ton) for domestic rebar and $33.75 to $34 per cwt ($675 to $680 per ton) for industrial-quality low-carbon wire rod on an f.o.b. mill basis.
U.S. mills have announced various price increases over the past few weeks.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.