Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe
, was €670-690 ($806-830) per tonne on Wednesday, up from 660-680 per tonne last week.
The assessment was based on deals, offers and achievable prices reported by market participants over the assessment period.
Several market participants reported an offer at €700-710 per tonne delivered in the region, but this was not included in the assessment because no trading was heard at those levels.
“Firm offers are scarce in the market. Mills want to market the move after [the price of] scrap is settled, I think. And in late May we...