Fastmarkets assessed the weekly price for steel wire rod (mesh-quality), domestic, delivered Southern Europe
at €650-670 ($783-807) per tonne on Wednesday, unchanged from the preceding week.
In Italy, wire rod prices were largely stable over the assessment week with customers staying in 'wait-and-see' mode, sources said.
“The market is always in 'wait-and-see' mode. The February scrap price slump in Italy confused buyers. We were expecting prices to drop but no trend has reversed. Mills are not ready to decrease their prices for three reasons: good end-user demand, low availability and the rising...