04
May
12:21
Italian wire rod market sluggishness continues
The Italian wire rod market continues to be sluggish, with sales thin and customers adopting a wait-and-see attitude or purchasing on the import market thanks to competitive offers.
Quotes from local steelmakers last month of €1,200/tonne ($1,263/t) for drawing-quality material are now reported to be unachievable, and producers are now asking for approximately €1,150/t. Some end-use sectors have stopped buying altogether, sources say. The general market …
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Anonymous
Very good overview of the weekly steel market.
Anonymous