Cheaper imports, materials, weak buying depress steel wire rod prices in Italy, Spain

Wire rod prices have fallen in Southern Europe over the past week amid slow trading activity, import pressure and cheaper scrap raw materials, sources told Fastmarkets on Wednesday May 25.

Fastmarkets’ price assessment for steel wire rod (mesh quality), domestic, delivered Southern Europe, was €1,100-1,150 ($1,178-1,231) per tonne on Wednesday, down by €50-80 per tonne from €1,150-1,230 per tonne a...

Published

Julia Bolotova

May 25, 2022

14:30 GMT

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