Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe
, was €660-680 ($797-821) per tonne on Wednesday, narrowing downward from €660-690 per tonne last week.
Buyers estimated the “workable” price from mills at €660 per tonne delivered, citing difficulties passing on higher prices downstream.
At the same time, official offers from European mills were in the range of €680-700 per tonne delivered, Fastmarkets heard.
“The situation is very complicated....