The domestic market for steel mesh-quality wire rod in Southern Europe moved up in the week to Wednesday January 27 on bullish offers from mills, but buying activity has slowed because of the scrap market downturn, sources have told Fastmarkets.
Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe, was ?,?650-680 ($789-826) per tonne on Wednesday, up by ?,?10-30 per tonne from ?,?640-650 per tonne a week earlier.Italian producers pushed their wire rod offer prices to ?,?665-690 per tonne delivered during the assessment period, up from ?,?650 per tonne seven days ago,...