NORTHERN EUROPE WIRE ROD: Strong demand supports prices at high levels

June 03, 2021 / www.metalbulletin.com / Article Link

Supply-demand imbalance continued to push domestic steel wire rod prices in Northern Europe further upward in the week to Wednesday June 2, Fastmarkets has heard.

Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe, was ?,?830-850 ($1,015-1,039) per tonne on Wednesday, narrowing upward from ?,?800-850 per tonne seven days earlier.
The assessment was based on deals, offers and achievable prices reported over the past week.

One transaction was reported at ?,?830 per tonne at the end of last week, while several bookings were heard this week at ?,?840-850...

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