But market sentiment was unclear, they added, with buyers believing that prices have reached a ceiling.
Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe
, was €670-700 ($812-848) per tonne on Wednesday, widening downward from €675-700 per tonne a week earlier.
The assessment reflected offers, deals and achievable prices reported by market participants over the past seven days.
One buyer in Germany was heard to have booked a wire rod cargo at €670-680 per tonne delivered, late last week.
And a few buyers in the Benelux region were reported this week to have finalized a booking at €690-700 per tonne delivered, Fastmarkets heard.