EUROPE WIRE ROD: Market starts to rise as import quota becomes a factor

November 15, 2018 / www.metalbulletin.com / Article Link

European prices for mesh-quality wire rod rose across the Northern and Southern parts of the continent on Wednesday November 14, with the volume available in the EU's import quota continuing to go down.

Fastmarkets' weekly domestic price assessments for mesh-quality wire rod in both Southern and Northern Europe narrowed upward to ?,?540-560 ($608-630) per tonne delivered on Wednesday, from ?,?535-560 per tonne previously.Cost pressures were forcing producers to raise their offer prices, with power and raw material...

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