October 07, 2008

North America long product prices continue to raise

North America long product market price has recently continued to increase, with the blame put on higher scrap prices.

As per report scrap price has risen by USD 155 peer long ton. As well, wire rod product price has also increased by USD 75 per long ton following rising scrap prices.

Besides, market analysts have predicted that if the scrap market price keeps rising, the wire rod product market price might rise by another USD 75 per short ton in May.

(Sourced from YIEH.com)