EUROPEAN WIRE ROD PRICES ADVANCE, IN MARCH
EUROPEAN mesh quality wire rod
prices advanced by 4 percent, in March, to halt the negative trend
in steel values for much of last year.
In March’s issue of the European Steel Review, MEPS reports that
that the EU average mesh quality transaction price, which covers
Germany, France, Italy, Spain and the UK, increased this month.
Drawing quality wire rod values remained unchanged, compared with a
In Germany, domestic mesh quality transaction figures escalated by 6
percent as domestic recoil sales picked up. Drawing quality wire rod
prices are stable.
French selling values for drawing rod stabilised, after undergoing a
downgrade in February. Recoil figures continue to tumble, in
challenging market conditions.
Italian drawing quality wire rod prices were rolled over from
February. Selling figures for mesh quality material gained €20 per
tonne, on higher raw material costs. Demand remains muted.
Spanish mills held on to last month’s numbers during drawing wire
rod negotiations. Selling values for mesh quality improved a little.
In the UK, prices for drawing quality material have crept up, over
the last month, as the mills’ new inflated offers are starting to be
accepted. Sales are still lacklustre. Mesh quality numbers were
boosted by higher raw material costs and healthy demand from the
If you have any questions regarding the above report or the wire
rod/steel market in general, please feel to talk to MEPS
(International) Ltd steel market analysts’, who will be present at
the Dusseldorf Wire Fair from April 4-8, at Hall 16, stand D62.
Source: MEPS -
European Steel Review
- March 2016 Issue
MEPS - EU Steel
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