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Keystone raises wire rod $35/ton

Keywords: Tags  Keystone Steel & Wire Co., Nucor Corp., Gerdau, wire rod, shredded auto scrap

NEW YORK — Keystone Steel & Wire Co. will raise its prices on wire rod products by $35 per ton ($1.75 per hundredweight) effective with all shipments beginning April 1, according to a March 14 letter to customers.

The price increase comes days after Nucor Corp. raised its prices by $40 per ton (, March 12) and one day after Gerdau Long Steel North America raised its wire rod prices by $35 per ton (, March 13).

AMM’s consumer buying price for shredded auto scrap—an industry benchmark for rod prices—settled up $35 per ton (, March 7) last week.

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