Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe
was €420-440 ($475-497) per tonne on Wednesday June 24, stable over the week.
The assessment was based on deals and offers heard in the market.
Italian producers increased their offer prices for mesh-quality wire rod this week on stronger buying interest from an improving construction sector, sources said.
"Mesh-quality wire rod is about €10 per tonne higher than last week," one trader said.
The “workable” price for wire rod in Italy was said to be about €430 per tonne delivered - up by €10 per tonne up over the past seven days, sources said.