SOUTHERN EUROPE WIRE ROD: Mills hold back offers, sentiment increasingly bullish on shortage and high feedstock costs

Steel wire rod producers in Southern Europe were largely staying away from the market and holding back new offers, while scarce deals were heard done at substantially higher prices during the week amid a surge in the scrap and global long steel markets, Fastmarkets heard on Wednesday May 12.

Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe, was at €720-750 ($872-908) per tonne on May 12, up from €670-690 per tonne delivered one week earlier.
The assessment reflected deals and achievable prices reported by market participants over the assessment period.

Italian producers were said to have suspended sales while they await a clearer picture of where...


Julia Bolotova

May 13, 2021

15:55 GMT

Dnipro, Ukraine