Wire rod prices in the United States were stable after rising lastmonth, but downward pressure has been mounting with Covid-19 pandemic-related uncertainty continuing to cast a pall over buying activity in the domestic market.
Fastmarkets' monthly assessment for steel wire rod (low carbon) industrial quality, fob mill US held at $30-31 per hundredweight ($600-620 per short ton) on Tuesday June 16, unchanged from last month but down by 16.4% from $36-37 per cwt at this time last year.Some sources indicated that stability has prevailed in the market for the time being, while others predicted...