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The article focuses on the wire rod market of the U.S. It reports that in May 2013, the high end of the general spot range has dropped down to 680 U.S. dollars per net ton and the low end of the range was down to 660 U.S. dollars per net ton. It mentions about a letter issued by long product mills to customers on change in transaction prices. It states that the development in the market did not have much chance of gaining traction until July 2013.

The article discusses the announcement of 50-55 U.S. dollars per long ton increase by the U.S. domestic wire rod mills in November 2012. It mentions that the domestic wire rod market in the last half of December 2012 remained stagnant and most of the companies closed for the rest of the year. It informs that the mills were expecting to push for the rest of the December but they failed to get this.