EUROPE WIRE ROD: Prices stable but buying subdued

Domestic prices for steel wire rod across Europe continued to stagnate over the past week, with the possibility of a weakening of the market leaving participants uncertain whether to make purchases, sources told Fastmarkets.

Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe was €440-450 ($486-497) per tonne on Wednesday October 16, unchanged from a week earlier. This is the third week that prices have remained flat.

Market participants told Fastmarkets that it remained difficult to convince buyers to place orders...


Carrie Bone

October 17, 2019

08:23 GMT