NORTHERN EUROPE WIRE ROD: Market flat on offer-bid mismatch, but mills remain bullish

April 29, 2021 / www.metalbulletin.com / Article Link

The market for steel wire rod in the north of Europe was largely unchanged over the past week on the disparity between producers' offers and bids from buyers, while market sources expected price increases to be achieved in May because of the limited availability of material, Fastmarkets heard on Wednesday April 28.

Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?660-680 ($797-821) per tonne on Wednesday, narrowing downward from ?,?660-690 per tonne last week.
Buyers estimated the "workable" price from mills at ?,?660 per tonne delivered, citing difficulties passing on higher prices downstream.
At the same time, official offers from European mills were in the range of ?,?680-700 per tonne delivered, Fastmarkets heard.

"The situation is very complicated....

Recent News

Gold Becomes Largest Metals Market

May 26, 2025 / www.canadianminingreport.com

Gold stocks surge on metal gain, Amex boosts Perron resource

May 26, 2025 / www.canadianminingreport.com

Global trade tensions ease and inflation continues to decline

May 19, 2025 / www.canadianminingreport.com

Gold stocks down as metal slumps and equities rise

May 19, 2025 / www.canadianminingreport.com

Big Gold has another strong quarter, but some signs growth cooling

May 12, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok