EUROPE WIRE ROD: Prices steady as market waits for further scrap losses

The price of steel mesh-quality wire rod in the European domestic markets was unchanged this week, with participants anxious about how far ferrous scrap prices would fall, sources told Fastmarkets on Wednesday January 29.

Ferrous scrap prices in Turkey climbed sharply between late November and mid-December but then remained steady until mid-January. The Turkish price is a benchmark for the regional scrap market, and appeared to have recovered from the losses incurred during...


Ross Yeo

January 29, 2020

18:00 GMT