But producers in the region no intention of dropping prices further.
They told Fastmarkets that end-user demand was “quite satisfactory” and said most mills were “comfortably booked.”
Fastmarkets’ weekly price assessment for steel wire rod (mesh-quality) domestic, delivered Northern Europe
was €880-910 ($1,041-1,076) per tonne on Wednesday, down from €890-920 per tonne.
The assessment was a reflection of reported deals and offers, along with achievable price estimates by market participants.
“Trading is a bit slower [this week], which could be because buyers are well...