October 11, 2008

US wire rod market strengthens

As spot prices have been accepted at the higher level, US wire rod prices have soared by another USD 33 per ton.

The price rise is mainly supported by higher scrap prices and limited supply. Prices of low carbon wire rod from US mill is prevailing between USD 1,069 to USD 1,113 per ton and the high carbon wire price is offering at USD 1,124 to USD 1,168 per ton

US buyers have no choice but to purchase from Turkey. Current prices of wire rod for mesh have soared to USD 1,124 to USD 1,146 per ton.

(Sourced from YIEH.com)