The domestic price for steel wire rod in Southern Europe was unchanged in the week to Wednesday August 18 amid quiet trading, while falling raw material prices weigh on market outlook, sources told Fastmarkets.
Fastmarkets' weekly price assessment for steel wire rod (mesh quality), domestic, delivered Southern Europe was unchanged at ?,?830-850 ($975-998) per tonne on August 18.Steel producers and buyers in the region held back from the market amid the holiday season, with market sources' estimates of the workable level...