EUROPE WIRE ROD: Northern Europe prices edge upward on scrap costs, demand

The price of steel mesh-quality wire rod in the Northern Europe domestic market edged upward this week, primarily because of higher ferrous scrap costs, Fastmarkets heard on Wednesday November 27.

Mills said that recent price increases had been readily accepted by consumers and that order books were now at very healthy levels, in terms of both month-on-month and year-on-year comparisons.

Indeed, one mill source felt confident that the market was showing a turnaround in conditions and that a more positive phase was beginning. As a result,...


Ross Yeo

November 27, 2019

18:24 GMT