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 and silver price ETFs see major net outflows

November 04, 2025 / canadianminingreport.com

Gold stocks decline by less than metal price

November 04, 2025 / www.canadianminingreport.com

A shift to the later stages of gold and silver bull markets

October 27, 2025 / www.canadianminingreport.com

Gold stocks plunge on metal drop

October 27, 2025 / www.canadianminingreport.com

Gold stocks still up after pullback late in the week

October 20, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok