Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe
, was €420-440 ($470-493) per tonne on Wednesday, narrowing down by €10 per tonne over a week.
The Italian market have today after a long weekend due to public holidays.
The “workable” price for wire rod in Italy was said to be €420-430 per tonne delivered this week, narrowing down €10 per tonne over the past seven days.
“There is still problem with consumption, and buyers still have problems with payments,” one trader said.