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Alice Stengel

December 23, 2020 By Alice Stengel

Carbon Wire Pricing Summary

The current market conditions for carbon steel wire products are very fluid. We have received several price increases from our wire suppliers in the past few months and expect there could be more going forward.   
The wire price changes are primarily influenced by rapid increases in carbon scrap used to make wire rod.  In addition to scrap price increases, the freight and logistics cost of moving materials locally and globally have been increasing. 
Due to the above, Gibbs is increasing our prices for carbon wire products as follows:

$3.00/CWT effective October 26, 2020
$3.00 - $4.00/CWT effective December 21, 2020
Min of $6.00/CWT effective January 11, 2021

Certain carbon wire products may differ slightly from the increases mentioned above. Please contact your Gibbs salesperson for specifics related to these increases.  We appreciate your business and will continue to do our best to manage this unprecedented situation.

Sincerely,
Your Gibbs Sales Team
Download Pricing Letter Here

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Gibbs Profile

Gibbs Metals de Mexico, is one of seven service centers in Mexico, the USA, and Canada. We are a premier supplier of Wire and Strip Products in Carbon Steel, Stainless Steel, Nickel Alloys, and Red Metals. Gibbs provides wire in round, flat, square and shaped profiles, as well as, custom edged strip products, oscillate wound coils (traverse), and extremely narrow slitting capabilities. A special focus on spring and music wire as well as light gauge, tempered stainless steel strip.

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Recent Posts

  • Carbon Wire Pricing Summary
  • Gibbs Wire Specifications
  • Strip and Slit Coil
  • Wire Products in Annealed and Tempered Conditions
  • 7 Wire & Strip Service Centers

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