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10 Mar
15:19

Northern European wire rod prices increase amid war

Northern European wire rod prices continue to increase this week amid the ongoing Russian invasion of Ukraine, and market participants expect yet more significant hikes. “Prices are climbing, but some participants in the market are withholding from trade activities due to the high prices,” a buyer from the Netherlands tells Kallanish. Domestic transaction prices for drawing-quality wire rod on Thursday were at €1,080/tonne ($1,190) ex-works and m…
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