NORTHERN EUROPE WIRE ROD: Shortages keep prices stable at high level

Steel wire rod prices in Northern Europe were broadly stable in the week to Wednesday, June 23, supported by persistent shortages, with market participants expecting a return to the previous upward trend in July.

Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was €870-900 ($1,038-1,074) per tonne on Wednesday, narrowing up from €860-900 per tonne delivered a week earlier.
The assessment was based on deals, offers and market participant estimates of achievable prices.

Several bookings were reported at €870-880 per tonne delivered in Germany and the Benelux...


Julia Bolotova

June 24, 2021

15:06 GMT