26
Jul
11:45
Italian wire rod prices increase slightly
Italian wire rod prices are recovering slightly. July has been expected to be worse in terms of sales volumes. Sellers have sold some 30% or 40% less compared to July last year, but the latest contracts have gained some €40/tonne ($40.9) compared to the beginning of the month.
Most wire rod makers have idled their plants or are in the process of reducing output. Gas prices in Italy skyrocketed last week from €180 per kilowatt-hour to €500 kWh, causi…
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Anonymous
Very good overview of the weekly steel market.
Anonymous