SOUTHERN EUROPE WIRE ROD: Prices increase on good buying appetite, short supply

Wire rod producers in Southern Europe managed to achieve higher prices in deals during the week to Wednesday October 14, due to good buying appetite and limited supply, sources told Fastmarkets.

Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe was at €470-485 ($553-571) per tonne on Wednesday, up €5-10 per tonne from €465-475 per tonne delivered last Wednesday.
Italy
In Italy, wire rod was trading at €470-475 per tonne delivered this week, narrowing upward from €465-475 per tonne the week before.
Good buying activity in the country supported wire rod prices, especially given that there were no import alternatives, sources said.

"Even the most reluctant customers have to accept these prices and, as far as I know, there is no alternative from abroad. Offer prices [for wire rod] from third countries are about €465-470 per tonne cfr, no point...

Published

Julia Bolotova

October 14, 2020

16:23 GMT

Dnipro