Last weekend, Nucor announced that it will raise the June delivery wire quotation by usd20 / short ton. Then ArcelorMittal also increased the wire price, price adjustment is same as Nucor. Domestic scrap price increase is mainly reason for price rising.

The market is expected that other mills are also likely to increase the price, however, as the market demand flat, higher inventory costs as well as the pre-May scrap prices were higher uncertainty, therefore a large number of buyers of the Sourcing cautious, price increases will be met It remains to be seen.

Currently, the ex-factory price of US Midwest steel wire mesh is usd510-540 / short ton.

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