Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe
, was €660-670 ($775-786) per tonne on Wednesday, narrowing upward week on week from €650-670 per tonne.
The assessment reflected deals, offers and achievable prices reported by market participants over the past seven days.
Italian and Spanish mills, however, were targeting increases of €10-20 per tonne for April.
In Italy, wire rod was heard traded at €660 per tonne delivered, largely stable over the week, sources said, with new offers for April heard at €670 per tonne delivered.