EUROPE WIRE ROD: Prices slip while buyers take caution

October 11, 2018 / www.metalbulletin.com / Article Link

European prices for mesh-quality wire rod slipped slightly across the northern and southern parts of the continent on Wednesday October 10, with buyers adopting a very cautious approach to purchases, sources told Fastmarkets.

Mesh-quality wire rod in both Southern Europe and Northern Europe are trading at parity for the third consecutive week. Fastmarkets' weekly domestic price assessment for mesh-quality wire rod in Southern Europe was at ?,?535-560 ($614-643) per tonne delivered on Wednesday, dipping from ?,?540-560 per tonne the week previous.While Fastmarkets' weekly domestic price assessment for mesh-quality wire rod in Northern Europe was also at ?,?535-560 per tonne delivered, similarly moving from ?,?540-560 per tonne last week.Market participants have...

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