The Cable Directory has a story on the present cost of domestic steel wire rod:

US domestic steel wire prices have stabilized at price levels not seen since the mid 1990th. No wire or wire rod is presently imported at these prices. There is no established floor price in the market as rod inventories are being cleared and most users are shutting down their plants until well after New Year.

It remains to be seen if and how this will have an immediate impact on the price of baling wire in the new year.

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In the November 2008 edition of Recycling Today, a closer look is taken at the $700 billion stimulus package and how it will affect the recycling industry.

The package includes provisions of the Recycling Investment Saves Energy (RISE) legislation that will provide a 50 percent accelerated depreciation allowance for recycling equipment purchases.
…
“RISE will lead to improvements in recycling by providing low-cost incentives for purchases of recycling equipment that will ultimately help the United States reduce its energy use and greenhouse gas emissions while helping the U.S. economy and creating good manufacturing jobs.” (Robin Wiener, president of the Institute of Scrap Recycling Industries Inc. Washington)

To read more about the Recycling Investment Saves Energy (RISE) bill as it pertains to the recycling industry visit govtrack.us.

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Olympic’s branded line of baling wire may serve many uses and purposes, however this one may not be ideal (we’re posting this post Thanksgiving so as not to give anyone ideas). From dallasnews.com

Trussing: Strictly optional

Mr. Bass has fried both trussed and untrussed turkeys; the difference is a matter of aesthetics. If you prefer the look of a trussed bird, use baling wire instead of cooking twine to hold the legs in place; the wire withstands the high oil temperatures best.

In more serious news, Steel Guru reports on the fluctuating price of steel wire rod in the overseas market. How this will affect domestic manufacturers and suppliers remains to be seen.

It is reported that Taiwanese domestic wire rod prices have risen from TWD 11,000 per tonne to TWD 15,000 per tonne during the past 3 weeks.

The price of killed steel wire rod has hiked in line with increasing rebar price, as the current price of diameter 5.5mm is TWD 22,000 to TWD 23,000 per tonne which has totally risen by TWD 7,000 to TWD 8,000 per tonne.

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