Weaker demand from the automotive market and high mill capacity have softened cold-heading quality (CHQ) wire rod prices, while high carbon wire rod prices remained flat from the previous month.
Fastmarkets AMM's monthly pricing assessment for cold-heading quality wire rod North American delivered duty paid Great Lakes region dropped to $39.50 per hundredweight ($790 per short ton) on Friday July 19, down by 4.8% from the previous assessment of $41.50 per cwt ($830 per ton) on June 21. This is the lowest it has been...