EUROPE WIRE ROD: Price widens downwards on weak fundamentals

Domestic prices for steel wire rod in Northern Europe have widened downward in the past seven days on weak market fundamentals, despite higher Turkish scrap prices this month, Fastmarkets heard on Wednesday October 23.

Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was €430-450 ($490-497) per tonne on October 23, widening downward by €10 per tonne.
The reason for the decrease was excess supply and sluggish demand.

Meanwhile, Turkish import scrap prices were largely...

Published

Ross Yeo

October 23, 2019

18:25 GMT

London