Customers were pushing for price decreases because of lower scrap costs in the region but mills were keeping their offers firm, on good order books.
Fastmarkets’ weekly price assessment for
steel wire rod (mesh-quality), domestic, delivered Northern Europe, was €660-680 ($801-825) per tonne on Wednesday, narrowing downward from €660-690 per tonne last week.
The assessment was based on deals and achievable prices reported by market participants over the past seven days.
End-user demand for wire rod in the region was...
