EUROPE WIRE ROD: Prices down on lower scrap costs despite strong demand

Domestic prices for steel wire rod in Northern Europe widened downward by €5 per tonne this week, amid scrap costs that are weakening and despite strong demand, sources told Metal Bulletin on Wednesday February 7.

Metal Bulletin’s weekly price assessment for domestic mesh-quality wire rod in Northern Europe widened downward week-on-week to €545-560 ($672-691) per tonne delivered on Wednesday. This compared with €550-560 per tonne delivered on February 7. Monthly domestic scrap...

Published

Viral Shah

February 14, 2018

16:40 GMT

London