EUROPE WIRE ROD: Southern EU mills reduce prices but sentiment positive

Domestic prices for mesh-quality wire rod produced and delivered in Southern Europe have widened downward over the past week, with mills lowering their offers, sources told Metal Bulletin on Wednesday September 5.

Metal Bulletin’s weekly domestic price assessment for mesh-quality wire rod in Southern Europe widened downward to €540-560 ($625-648) per tonne delivered on Wednesday, compared with €550-560 per tonne delivered one week earlier.
“Generally, mills were worried that people could turn to imports, so they lowered the domestic prices,” one buying source said.

Market activity was reported to be “quite flat”...


Viral Shah

September 05, 2018

17:45 GMT