Cold heading quality (CHQ) and high-carbon wire rod prices in the United States have again been dented by lower ferrous scrap costs and ongoing soft demand, Fastmarkets has learned.
Fastmarkets' assessment for steel wire rod cold-heading quality, ddp was at $35.50 per hundredweight ($710 per short ton) on Friday October 18, down by 7.8% from $38.50 per cwt one month earlier and off by 22.8% from $46 per cwt in mid-March. At the same time, Fastmarkets' assessed steel wire rod (high carbon), fob mill US at $33.50 per cwt on Friday, down by...