03
Feb
15:19
Costlier scrap, logistics issues prop up European rod
Northern European wire rod prices have remained flat this week, say market participants. However, sources still expect new hikes in the coming weeks despite the quiet market.
“Wire rod remains expansive and steel mills continue for now to oppose high [scrap] prices,” a buyer from the Netherlands tells Kallanish. “However, I expect prices to increase this month because steelmakers have to start to buy new procurements for March, despite high energ…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous