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11 May

Northern European rod prices continue to decrease

Northern European wire rod prices have decreased further this week amid low demand and a quiet market, sources say. Most participants expect further falls. “The steel companies don’t want to restock this month, because of the weak demand from the construction industry,” a buyer from the Netherlands tells Kallanish. Prices have dropped some €10-20/tonne ($11-22), depending on the sort. Domestic transaction prices for drawing-quality wire ro…
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