EUROPE WIRE ROD: Prices flat but mills eye increases

The price of steel mesh-quality wire rod in the European domestic markets was unchanged this week while the price of international ferrous scrap continues to rise, sources told Fastmarkets on Wednesday February 26.

Wire rod prices do not always reflect week-on-week increases or decreases in feedstock material prices because producers often purchase scrap via a contract that is usually settled monthly.

Producers typically keep some feedstock to hand to maintain regular production and ensure no disruption or delays should they run out of stock...


Carrie Bone

February 27, 2020

11:58 GMT