US domestic, imported wire rod prices flat on trade wars

摘要

Prices of US domestic and imported wire rod have remained unchanged, with sources anticipating short-term stability in domestic markets, and Section 232 tariffs and trade tensions holding imports at bay.American Metal Market's July 25 price assessment for industrial quality low-carbon rod will stay at $39.25-41.25 per hundredweight ($785-825 per ton), having been at this level since May 22 following price hikes announced by Keystone and Nucor during that month. Prices for imported wire rod will keep at $744-762 per short ton due a lack of confirmed market activity.