Buying activity was good in the north of the region during the assessment week, supported by a strong construction sector, market participants said.
"Order intake in July-August exceeded the previous year's levels. This is partly because we have a backlog of demand due to pandemic-related lockdowns. Generally, we expect the long steel market to continue growing till the year end," one producer said.
Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe
was €440-460 ($519-543) per tonne on August 5, up from €430-450 per tonne last week.
"The holiday [season] interruption this year will not be the same as usual compared...