04
Aug
15:47
Northern European rod remains stable amid low demand
Northern European wire rod prices have remained flat this week due to low demand and higher energy costs in Europe.
“Trading is very slow due to decreased demand from steel mills and the traditional summer maintenance at plants,” a buyer tells Kallanish.
Domestic transaction prices for drawing-quality wire rod are at €870/tonne ($885/t) ex-works and mesh is at €850/t, sources say.
Producers are asking for €860/t ex-works, on average, f…
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Anonymous
Very good overview of the weekly steel market.
Anonymous