EUROPE WIRE ROD: Prices slide amid continued low demand

Domestic prices for mesh-quality wire rod produced and delivered in both Northern and Southern Europe softened this week, amid continued low market demand, sources said on Wednesday May 16.

Public holidays in several European countries this week have contributed to the drop in activity. The Southern European domestic price for mesh-quality wire rod narrowed downward by €15 per tonne to €525-535 ($624-636) per tonne delivered on May 16, from €525-550 per tonne delivered on May 9. “I’m worried because market demand is so quiet. It’s partly to...

Published

Viral Shah

May 16, 2018

16:02 GMT

London