Steel wire rod prices in Northern Europe were broadly stable in the week to Wednesday, June 23, supported by persistent shortages, with market participants expecting a return to the previous upward trend in July.
Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?870-900 ($1,038-1,074) per tonne on Wednesday, narrowing up from ?,?860-900 per tonne delivered a week earlier.Several bookings were reported at ?,?870-880 per tonne delivered in Germany and the Benelux...