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wiredInUSA - July 2012
wiredInUSA - July 2012
In tandem with scrap tags, wire rod
prices appear to be trending downward
as a weaker domestic market and
global economic uncertainty persist.
Nucor’s rod price decrease was the
same as that announced for concrete
reinforcing bar, merchant bar and
structural products. Fort Wayne, Steel
Dynamics Inc’s Roanoke bar division, also
announced a $30 per ton drop on all
products, with immediate effect.
Market sources have revealed other
domestic rod mills either notifying customers
individually of price changes, or still in the
process of reacting to the recent tumble
in scrap tags.
US wire
rod prices
drop
19
INDEX16
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