Fastmarkets assessed the weekly price for steel wire rod (mesh-quality), domestic, delivered Southern Europe
at €660-670 ($800-814) per tonne on Wednesday, narrowing from €660-680 a week prior.
The assessment was based on deals, offers and achievable prices reported by market participants over the past seven days.
Major steel wire rod producers in Italy shied away from giving new offer prices for March-rolling wire rod.
“We sold out of February [rolling] already, but we are not ready to offer March yet,” one mills source said.