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Home > MEPS Steel News - 01.04.2016

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 month ago.

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 construction sector.

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

Also See: MEPS - EU Steel Prices Online

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