Domestic prices for steel wire rod across Europe continued to stagnate over the past week, with the possibility of a weakening of the market leaving participants uncertain whether to make purchases, sources told Fastmarkets.
Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe was ?,?440-450 ($486-497) per tonne on Wednesday October 16, unchanged from a week earlier. This is the third week that prices have remained flat.Market participants told Fastmarkets that it remained difficult to convince buyers to place orders because...