EUROPE WIRE ROD: Prices slip on limited buying

The price of mesh-quality steel wire rod in Europe was slightly lower this week because of cheaper scrap costs and slow demand resulting from the effects of the Covid-19 pandemic, sources told Fastmarkets on Wednesday April 22.

In the south of Europe, buying activity remained very slow this week due to the lockdown measures in place in various regions.
Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe, was ?,?445-465 ($483-504) per tonne on April 22, lower by ?,?5 per tonne week on week.
Spain
Spain eased its lockdown last week, which led to some revival of commercial activity in the market this week, but in general buying remained slow.

The country's lockdown had been set to run until...

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