Steady demand, increased costs lead to surge in European wire rod prices

摘要

Domestic wire rod prices have increased by ?15-30 ($18-35) per tonneacross Europe over the past week amid steady demand and highercosts, sources told Metal Bulletin on Wednesday August 2.“[It is a] terrible situation – [prices are] changing every minute,”one market participant said.Metal Bulletin’s weekly price assessment for mesh-quality wirerod in the Southern European domestic market stood at ?480-490($567-579) per tonne delivered on August 2, up from ?450-460($532-543) per tonne delivered. The assessment reflects prices in Italyand Portugal.