SteelOrbis has learned that US wire mesh producers in Texas will increase their prices for 10-gauge building mesh to $60 per roll, effective December 1, 2007.
Similar increases will be implemented in the Florida market as well.
The previous price level was approximately $54 per roll, with the new increase representing a price hike of over 10 percent. It is unclear whether or not customers will accept the price rise, as demand continues to be tepid; however, the producers say the price increase is necessary to make up for record-high wire rod costs.
The mesh price increase follows the domestic wire rod mills' announcement earlier this month of a $30 /nt price hike for January deliveries.