Global Fastener News

Domestic Wire Rod Prices Steady – For Now

March 08
00:00 2009

Domestic Wire Rod Prices Steady – For Now

Jason Sandefur

Prices for domestic wire rod are holding steady, despite weak demand and mill capacity outages, American Metal Market reports. But that could quickly change, with the growing consensus among buyers who say “rod prices could follow scrap down during April, May and June.”

U.S. f.o.b. mill prices on industrial-quality low-carbon rod is around $640 per ton, on par with February.

“If there is a (new) price out there, it’s hard to know what it is because so few tons are being traded,” AMM quoted a Gulf Coast rod buyer. “Orders at the customer level continue to be weak, and none of my customers are anticipating an uptick in their business in the near term.”

Foreign suppliers are generally quoting about 7% to 11% cheaper, though those figures did not include inland freight.

In general, buyers agreed that the good news for the industry is a lack of pushback from customers on current pricing. �2009 FastenerNews.com

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Only registered users can comment.

Register for our Mailing List

Sign up now to receive valuable weekly news about the fastener companies, people, and trends impacting the industry. REGISTER NOW
error: Content is protected !!