EUROPE WIRE ROD: Price range narrows in steady market

The price range for mesh-quality wire rod in Europe has narrowed by €5 per tonne at both ends over the past week, in a largely stable market, sources told Fastmarkets on Wednesday June 12.

Fastmarkets’ weekly domestic price assessment for mesh-quality wire rod in Northern Europe was €505-515 ($572-583) per tonne delivered on Wednesday, compared with €500-520 per tonne delivered on June 5. “It’s difficult to find material at a price of €500 per tonne and we are cautious about buying at a higher price, because finished mesh product prices aren’t that strong right now,” one market participant in Northern Europe said. “However, wire...

Published

Viral Shah

June 12, 2019

15:35 GMT

London