EUROPE WIRE ROD: Prices stable on quiet trading, divergent scrap pricing

The price of steel mesh-quality wire rod in the European domestic markets was unchanged this week with most market participants focusing on trading steel rebar instead, sources told Fastmarkets on Wednesday February 19.

In addition, the influence on wire rod prices exerted by prices for ferrous scrap, the feedstock material, was unclear because lower monthly European scrap prices contrasted with rising daily Turkish scrap prices.

Fastmarkets’ price assessment for steel scrap No E3 (old thick steel scrap)...

Published

Ross Yeo

February 19, 2020

17:58 GMT

London