In the south of Europe, trading activity was slower this week because the market was entering its usual summer holiday slowdown, sources said.
“The ‘dead season’ will start in August,” one added.
Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe
, was €425-440 ($498-516) per tonne on July 29, stable week on week.
The assessment was based on deals and offers heard in the market.
In Italy, a “workable” price for mesh-quality wire rod was estimated by local buyers to be €430-440 per tonne delivered, the same as last week.
Some producers were targeting a higher price of...