Steel wire rod prices fall after scrap drop

摘要

Pittsburgh—Wire rod prices in the US fell Friday amid persistently low buying activity and the growing expectation that mills would lower prices after a $44/lt drop in the shredded scrap price for April. Platts’ weekly Midwest mesh-quality wire rod assessment fell to $575-$600/st ex-works, from $610-$635/st the previous week. “We have seen the mills follow scrap down in May since they need the orders,” said a consumer source, adding that the tradable value was at $580/st ex-mill, and “perhaps lower for large orders.”