04
May
16:01
Northern European rod prices fall amid low demand
Northern European wire rod prices have decreased this week amid low demand and a quiet market, sources say. Some participants expect further falls.
“Demand continues to be very weak and the summer restocking from the construction industry has not yet started,” a buyer tells Kallanish.
Prices have dropped some €30-40/tonne ($33-44), depending on the sort.
Domestic transaction prices for drawing-quality wire rod are at €690/t ($761/t) ex-wor…
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Anonymous
Very good overview of the weekly steel market.
Anonymous