Steel wire rod prices in Northern Europe increased as expected in the week to Wednesday June 16, mainly propelled by the continuing tightness of supply, but aggravated by restricted access to imports due to the trade safeguard measures currently in place, Fastmarkets has heard.
Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?860-900 ($1,043-1,091) per tonne on Wednesday, up from ?,?830-850 per tonne delivered last week.One producer in the region claimed to have sold a limited tonnage of July-delivery wire rod at ?,?900 per tonne delivered...