Prices for mesh-quality wire rod in Europe have remained stable over the past week, although market participants expected a gradual price recovery after recent falls, sources told Fastmarkets on Wednesday May 29.
Fastmarkets' assessment of the price of domestic mesh-quality wire rod in Southern Europe was ?,?500-520 ($559-581) per tonne delivered on May 29, unchanged from May 22, but down from $525-550 per tonne on May 8."The price is stable at the moment but we expect mesh-quality wire rod prices to rise in July, because the market has improved slightly. The prices of finished mesh products are up, and ferrous scrap prices are up," one European distributor said."The...