EUROPE WIRE ROD: Prices broadly stable; buying activity picks up in the south

Domestic prices for steel mesh-quality wire rod in Europe were broadly stable in most regions over the past week, although Italian producers managed to secure slight increases, sources told Fastmarkets on Wednesday June 24.

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.
Southern Europe
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.


Julia Bolotova

June 24, 2020

17:02 GMT