Prices for cold-heading quality (CHQ) and high-carbon wire rod in the United States moved higher this month after remaining flat in February, while mills that are struggling to meet demand have extended lead times.
Fastmarkets' monthly assessment for steel wire rod (high carbon), fob mill US was at $50 per hundredweight ($1,000 per short ton) on Friday March 19, up by $2.25 per cwt (4.71%) from $47.75 per cwt ($955 per ton) on February 19.Fastmarkets' assessment for steel wire rod cold-heading quality, ddp was at $50.75 per cwt ($1,015 per ton) on Friday,...