NORTHERN EUROPE WIRE ROD: Prices stabilize, but market remains upbeat

Domestic prices for mesh-quality steel wire rod were largely flat in the north of Europe in the week to Wednesday October 14, although producers were bullish about new rises, citing material shortages and good demand, sources told Fastmarkets.

Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was €485-495 ($571-583) per tonne on Wednesday, the same as last week.

The assessment reflected deals and offers heard in the market during the week to Wednesday. Northern mills have been offering November material in the range of €485-500 per tonne delivered. But the upper end of these offers has not been...

Published

Julia Bolotova

October 14, 2020

15:45 GMT

Dnipro