27
Jan
10:25
Italian wire rod rises despite scrap falls
Italian drawing-quality wire rod prices are not seen decreasing as a consequence of the domestic scrap falls. Wire rod values have increased by almost €100/tonne ($121) from the low of the beginning of December, and transactions are now hovering at €650-690/t ex-works.
Demand from drawing mills is strong, and producers’ order books are filled until the end of February. The target for new orders is to consolidate the level of €680-690/t and gra…
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Anonymous
Very good overview of the weekly steel market.
Anonymous