Although in general, US domestic wire rod spot prices have remained stable in the last week, deals for large buyers beneath the range are reportedly becoming more prevalent, and some sources speculate that spot prices as a whole could soon drift downward.
Demand is still relatively weak and buying activity remains muted. As such, most US domestic wire rod transactions are still falling into the range of $37.50-$38.50 cwt. ($750-$760/nt or $827-$838/mt) ex-mill, unchanged since last week. However, sources report deals as low as $37.00 cwt. ($740/nt or $816/mt) ex-mill or lower.