Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe
, narrowed to €500 ($593) per tonne on Wednesday November 25, from €490-500 per tonne a week earlier.
The assessment was based on deals, offers and achievable prices reported by market participants over the past week.
A restocking campaign in the region continued into the assessment week, with wire rod buyers struggling to secure tonnages amid persistently tight availability.
“Customers have been very quick to send in [requests for] volumes to ensure they have a place in the production line, even before the price was fixed, being more concerned with securing tonnages,” one...