Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe
was €480-490 ($569-581) per tonne on Wednesday, however, unchanged from the week before.
Italian producers were trying to increase wire rod prices this week, citing low material availability.
"Offer prices are moving up after a few weeks of apparent stability [because] mills have low stock of wire rod," one trader said.
New wire rod offers from local producers were at €490-500 per tonne delivered this week, up by €10-15 week on...