SOUTHERN EUROPE WIRE ROD: Market quiet, still lacks direction

The steel mesh-quality wire rod market in southern Europe kept quiet in the week to Wednesday February 24, with participants awaiting clarity for price direction, sources told Fastmarkets.

Fastmarkets assessed the weekly price for steel wire rod (mesh-quality), domestic, delivered Southern Europe at €650-670 ($8790-814) per tonne on Wednesday, narrowing from €660-670 a week prior.
In Italy, wire rod prices were largely stable with customers in 'wait-and-see' mode and expecting mills to announce firm March offers.

“There's too much uncertainty in the market. Right...


Julia Bolotova

February 24, 2021

15:45 GMT