American steel wire producers have postponed their price increases due to Christmas. However, they are going to hike the price by around US$11/ton after reopening steel market.
The US producers expect the price of order could soar up by US$28~US$33/ton for January with strong scarp prices.
For the steel wire import, the quotation from China is not expected to decline as a result of few inquiries during Christmas holiday. The export price from China to the US could remain around US$628~650/ton after holiday.
Nevertheless, the Chinese suppliers would re-consider decreasing their quotations based on actual purchasing.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=67897&division=A4
