EUROPE WIRE ROD: Prices continue fall on lower finished mesh product prices

Prices for mesh-quality wire rod in Europe continued to fall this week after a drop in finished mesh product prices, sources told Fastmarkets on Wednesday May 22.

Fastmarkets’ assessment of the price of domestic mesh-quality wire rod in Southern Europe was €500-520 ($558-580) per tonne delivered on May 22, down by €15 per tonne from €515-535 per tonne on May 15. “The wire rod market is very depressed. The slowdown in automotive [sector] demand [for higher-grade wire rod] means that some producers are even switching to production of [cheaper] low-carbon wire...

Published

Viral Shah

May 22, 2019

17:22 GMT

London