SOUTHERN EUROPE WIRE ROD: Buying remains subdued, but prices hold firm

Domestic steel wire rod prices in the south of Europe remained largely flat in the week to Wednesday July 7, with buyers reluctant to accept higher prices and postponing purchases, sources told Fastmarkets.

Prices are not expected to fall in the short term, sources said, because supplies are still tight and feedstock costs continue to rise.
Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Southern Europe was unchanged at ?,?840-870 ($995-1,030) per tonne on July 7.
Italy
In Italy, steel mesh-quality wire rod was heard offered and traded at ?,?840-870 per tonne delivered, stable week on week.

And after the Fastmarkets price assessment...

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