October 07, 2008

America\'s steel wire prices moving up

America’s wire and wire welding prices kept increasing along with the increasing wire rod cost. According to related statistics, America’s domestic steel wire price has been risen by USD 661 per ton in the first five months of 2008.

In May, some makers raised their price by USD 331 per ton. For example, Davis Wire price of Heico Co increased by USD 165 per ton on May 1, then it increased by USD 165 per ton again on May 15.

ArcelorMittal has announced an increase of USD 165 per ton for its steel wire products on April 26. In May, they made an further increase of USD 138 per ton.

(Sourced from YEIH.com)