NORTHERN EUROPE WIRE ROD: Markets quiet but sentiment positive

Domestic mesh-quality steel wire rod market in Northern Europe was quiet and largely stable over the past week, sources told Fastmarkets on Wednesday February 24.

Buyers adopted a 'wait-and-see' stance and were only buying hand to mouth due to expectations that producers would lower their prices after European scrap prices decrease in February, sources said.
Producers, meanwhile, intend to keep prices firm on good end-user demand and good order books, Fastmarkets heard.

“There will be stability in March, which has affected sentiment. In a week or so, however, the market...


Julia Bolotova

February 24, 2021

16:38 GMT