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08 Jun

Northern European rod prices fall amid low demand

Northern European wire rod prices have decreased this week amid low demand, sources say. Most participants have mixed feelings about the market in the coming weeks. “The market is still very weak and there are no big purchases,” a trader tells Kallanish. Prices have fallen by €20-25/tonne ($21-27) on-week depending on the sort. Domestic transaction prices for drawing-quality wire rod are at €625/tonne ($673/t) ex-works and mesh-grade wire r…
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