US wire rod prices hit new highs in Sept

Low-carbon wire rod prices in the United States rose by $30 per short ton ($2.50 per cwt) in September, to fresh record highs for both domestic and import product.

Fastmarkets’ monthly assessment for steel wire rod (low carbon) industrial quality, fob mill US was $57.50-60.50 per hundredweight ($1,150-1,210 per ton) on Tuesday September 21, up by 2.61% from $56-59 per cwt on August 17 and by 5.36% from $55-57 per cwt on July 20. The midpoint of the August price range had previously been the highest since July 24, 2008, when the price was also recorded at $57.50 per cwt. Fastmarkets’ assessment for steel wire rod (low carbon) import,...

Published

Robert England

September 22, 2021

20:23 GMT

New York