EUROPE WIRE ROD: Prices down on ferrous scrap drop

The price of mesh-quality wire rod in Europe fell by €5 per tonne week on week following the drop in ferrous scrap prices, sources told Fastmarkets on Wednesday June 26.

Fastmarkets’ weekly domestic price assessment for mesh-quality wire rod in Northern Europe was €500-510 ($569-581) per tonne delivered on Wednesday, down from €505-515 per tonne delivered on June 19. Fastmarkets’ daily Turkish import scrap index for Northern Europe-origin HMS 1&2 (80:20) was $273.88 per tonne cfr on Wednesday June 26, having fallen steadily from $287.76 per tonne cfr two weeks earlier on June 12. Similarly,...

Published

Viral Shah

June 26, 2019

18:05 GMT

Brussels