Although demand within the US domestic wire rod market remains tepid, sources say spot prices should remain at current levels, but if scrap prices trend sideways again next month or drop, wire rod buyers might be willing to push for deals at the mill level.
For now, US domestic wire rod spot prices are still trending around $40.00-$41.00 cwt. ($882-$904/mt or $800-$820/nt) ex-mill.