New Updated Steel Wire Rod Prices
In the fourth quarter of 2022, the market for US Steel Wire Rod Prices followed the declining trend due to slow demand and abundance of supply in the regional market. Some service centers had lowered contract quantities due to the prolonged excess steel and reduced pricing and demand volatility. Due to less competitive global prices earlier in Q4, rebar pricing in the domestic US market continued to decline. The supply chain eased in the mid-quarter, and industrial output was moderate. According to market participants, the domestic steel wire rod market in the US was quiet due to a brief dip in buying activity related to the winter holidays.
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