07
Apr
11:29
Italian wire rod market slows
Italian wire rod market activity is slowing down after a March of strong order intake. Producers are asking for €1,200/tonne ($1,307/t) for drawing-quality material, up €50/t month-on-month, but this level has not yet been achieved.
The high cost of scrap, lack of ferroalloys from the CIS and pricey energy continue to impact producers’ margins. Wire rod mills and distributors say they have full order books but refuse to buy at increased p…
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Anonymous
Very good overview of the weekly steel market.
Anonymous