Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe
was €480-490 ($562-573) per tonne on Wednesday, up from €460-480 per tonne delivered last week.
Producers managed to achieve €480 per tonne delivered in deals last week and set a new target for October of €490-500 per tonne, sources said.
The upper end of offers was not included in the assessment because no deals have been reported at this level yet. However, sources said they do believe that price could be achieved...