Wire rod prices and demand in the United States remained steady for the second month in a row, while sources were wary of the potential market impact from the spread of the coronavirus (2019-nCoV).
Fastmarkets' assessment for steel wire rod (low carbon) industrial quality, fob mill US held at $31-32 per hundredweight ($620-640 per short ton) on Tuesday March 17, unchanged from the previous month. Fastmarkets assessed the price for steel wire rod (low carbon) import, loaded truck Port of Houston for immediate delivery flat month on month at $600-620 per ton on Tuesday.US demand remains strong as virus loomsAccording to one wire rod consumer, continued strong demand and an "artificial, or unintended" tightness in the market due to recent or ongoing production issues at several...