Prices for steel wire rod in the north of Europe have jumped upward over the past week, backed by limited domestic supply, costlier scrap and increased offers from overseas suppliers, Fastmarkets heard on Wednesday May 12.
Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?720-750 ($875-911) per tonne on Wednesday, up from ?,?670-690 per tonne last week.Several deals were reported at ?,?720-730 per tonne delivered late last week, in Germany and Austria, while this week several sources reported a transaction at ?,?750...