EUROPE WIRE ROD: Front-loaded quotas 'will lead to supply uncertainty'

European prices for mesh-quality wire rod stayed flat across the continent on Wednesday February 6, with the initial reaction to the European Commission’s (EC) new import quotas suggesting an uncertain supply picture for the rest of the first quarter of 2019.

Fastmarkets’ weekly domestic price assessments for mesh-quality wire rod in both Northern and Southern Europe stayed at €530-550 ($605-628) per tonne delivered on Wednesday, with little new business reported to Fastmarkets in the week. While the region's new country-specific steel product...

Published

Jethro Wookey

February 06, 2019

17:14 GMT

London