EUROPE WIRE ROD: Prices stay flat as consumers consider short term

November 29, 2018 / www.metalbulletin.com / Article Link

European prices for mesh-quality wire rod stayed flat across the Northern and Southern parts of the continent on Wednesday November 28, with consumer buying firmly limited to small, near-term business.

Fastmarkets' weekly domestic price assessments for mesh-quality wire rod in both Southern and Northern Europe stayed at ?,?540-560 ($611-634) per tonne delivered on Wednesday.Cost pressures have been forcing producers to raise their offer prices, but fears over the European Commission's import safeguard quotas have removed any willingness among consumers to buy...

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