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02 Mar
15:32

Northern Europe wire rod market remains quiet

Northern European wire rod prices have remained flat again this week amid low demand, sources say. Most participants hope for new hikes this month amid restocking. “There are no real movements in Europe and the market continues to be quiet amid a wait-and-see attitude,” a trader from the Netherlands tells Kallanish. Domestic transaction prices for drawing-quality wire rod are at €690/tonne ($731/t) ex-works and mesh-grade wire rod is at €71…
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