EUROPE WIRE ROD: Prices relatively flat in quiet market

The price of steel mesh-quality wire rod in the European domestic markets was unchanged this week with trading activity reported close to zero due to coronavirus (2019-nCoV) concerns, sources told Fastmarkets on Wednesday March 25.

Trading stalled in Italy this week, following the new measures to combat the Covid-2019 pandemic introduced by the authorities.
The Italian government issued a new decree on Monday March 23, tightening the quarantine measures set in a previous one.
All steel producers in Italy were ordered to stop their production facilities on Monday 23, except for two flat steelmakers ArcelorMittal Italia (ex-Ilva) and Arvedi.

The producers had been delivering steel products on March 23-25, however, in compliance with the...

Published

Julia Bolotova

March 25, 2020

15:40 GMT

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