EUROPE WIRE ROD: Low demand keeping prices steady amid quota pressure

European prices for mesh-quality wire rod stayed flat across the continent on Wednesday February 20, with a sluggish overall market masking significant concerns about the European Commission’s safeguard import quotas.

Fastmarkets’ weekly domestic price assessments for mesh-quality wire rod in both Northern and Southern Europe stayed at €530-550 ($600-622) per tonne delivered on Wednesday. But prices were expected to come under pressure due to the immediate exhaustion of the EC’s safeguard quota for material from Turkey, which was launched as...

Published

Jethro Wookey

February 20, 2019

15:46 GMT

London