Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe
was €660-690 ($781-816) per tonne on April 7, unchanged since March 3.
The assessment reflected deals, offers and achievable prices reported by sources over the past week.
The “wire rod market is very stable, despite producers’ constant push for hikes. The key factor is stable scrap... if scrap moves further up in April, some upticks in [wire rod] prices will be possible,” one trader source said.
Sources noted that end-user demand for wire rod across the region was good, and the prospects for the second quarter were also positive.
“The hot period has started, consumption is there and it is only expected to increase in April-June,” a mill source said.
Even though some wire rod...