Prices in the United States for domestic and imported low-carbon, high-carbon and cold-heading quality wire rod reached new highs in November, toppling records set last month.
Fastmarkets' monthly assessment for steel wire rod (low carbon) industrial quality, fob mill US was at $63-67 per hundredweight ($1,260-1,340 per short ton) on Tuesday November 16, up by 6.56% from $59.50-62.50 per cwt on October 19 and by 10.17% from $57.50-60.50 per cwt on September 21. The current range represents a new high, topping the record set last month. Fastmarkets' assessment for steel wire rod (low carbon) import, loaded truck Port of Houston for immediate delivery was $1,200-1,280 per short ton ($60-64 per cwt) on Tuesday, up by 2.90% from $1,160-1,250 per ton on October 19 and by 5.08% from $1,130-$1,230 per ton on September 12 - marking a third straight month of record highs. Fastmarkets' monthly assessment for steel wire rod (high carbon), fob mill US was at $70 per cwt on Tuesday, up by 4.87% from $66.75 per cwt on October 19 and by 8.11% from $64.75 per cwt on September...