The price range for mesh-quality wire rod in Europe has narrowed by ?,?5 per tonne at both ends over the past week, in a largely stable market, sources told Fastmarkets on Wednesday June 12.
Fastmarkets' weekly domestic price assessment for mesh-quality wire rod in Northern Europe was ?,?505-515 ($572-583) per tonne delivered on Wednesday, compared with ?,?500-520 per tonne delivered on June 5."It's difficult to find material at a price of ?,?500 per tonne and we are cautious about buying at a higher price, because finished mesh product prices aren't that strong right now," one market participant in Northern Europe said."However, wire...