SOUTHERN EUROPE WIRE ROD: Prices steady despite slow buying, import pressure

Domestic steel wire rod prices in the south of Europe were broadly flat in the week to Wednesday August 4 despite seasonally slow buying and the availability of cheaper imports, sources told Fastmarkets.

Fastmarkets’ weekly price assessment for steel wire rod (mesh quality), domestic, delivered Southern Europe was unchanged at €830-850 ($985-1,009) per tonne on August 4.
The Italian market was quiet, with local mills preparing for planned stoppages and buyers maintaining a "wait-and-see" stance, Fastmarkets heard.

Steel wire rod with August delivery was heard traded in Italy at €830-840 per tonne delivered, slightly lower week on week, while official mill offers were at €850-870 per tonne delivered,...


Julia Bolotova

August 04, 2021

15:24 GMT