Low-carbon wire rod prices in the United States rose by $30 per short ton in August to a record high set in 2008, while imports slipped from a record high.
Fastmarkets' monthly assessment for steel wire rod (low carbon) industrial quality, fob mill US was $56-59 per hundredweight ($1,120-1,180 per short ton) on Tuesday August 17, up by 2.68% from $55-57 per cwt on July 20, and up by 6.48% from $53-55 per cwt on June 15. The midpoint of the range is equivalent to the all-time high of $57.50 per cwt set on July 24, 2008.Fastmarkets' assessment for steel wire rod (low carbon) import, loaded truck Port of Houston for immediate delivery was $1,100-1,200 per ton ($55-60 per cwt) on Tuesday, widening downward from an all-time high of $1,120-1,200 per ton on July 20, and up by 2.65% from $1,080-1,180 per ton on June 15.Market overviewWire rod supply has continued to...