EUROPE WIRE ROD: Trading stalls as demand softens further on virus issues

Prices of steel mesh-quality wire rod in the European domestic markets showed no changes over the seven days to Wednesday March 18 with trading stalled by issues related to the outbreak of 2019-nCoV coronavirus, sources have told Fastmarkets.

The market was quiet in Italy this week, with buyers postponing new bookings while waiting for a clearer market picture to emerge.
“The market is totally paralyzed,” one Italy-based trader said.

Demand from the construction sector, one of the major wire rod consumers, was reported to be slow because a lot of construction sites, especially in the north of Italy, were...

Published

Julia Bolotova

March 18, 2020

16:40 GMT

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