Domestic prices for mesh-quality wire rod produced and delivered in Southern Europe went unchanged over the past week, but prices could come under pressure amid continued weak demand, sources said on Wednesday June 6.
The Southern European domestic price for mesh-quality wire rod was ?,?520-535 ($608-626) per tonne delivered on June 6."Non-integrated mesh producers are squeezed right now and they all want to push the price of mesh-quality wire rod down to ?,?500 per tonne, but they won't get it," one Southern European producer said."They cannot survive at this price level right now, especially when their electro-welded mesh prices are around ?,?560-570 per tonne delivered," he added.Prices of mesh-quality...