Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe
was €660-690 ($795-831) per tonne on Wednesday, unchanged since March 3.
Although buyers think the 'workable' level is at about €660 per tonne delivered, producers' offers were substantially higher at €690 per tonne delivered.
"ArcelorMittal announced a €30-per-tonne price increase across all long products this week but the market will need time to absorb it," one trader said.
"Benelux customers have wire rod in stock so they can wait a bit to buy new material so the situation in Benelux...