SOUTHERN EUROPE WIRE ROD: Prices jump on material shortages

Steel wire rod producers in the south of Europe increased their prices sharply in the week to Wednesday December 2, amid a shortage of material and increasing rolling costs, sources have told Fastmarkets.

Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe, was €510-520 ($612-624) per tonne on Wednesday, up by €20-25 per tonne from €490-495 per tonne a week before.
The assessment reflected deals, offers and achievable prices heard in the market over the past week.

Italian producers increased wire rod prices for the domestic market this week, as was expected, citing tight...


Julia Bolotova

December 02, 2020

14:58 GMT