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04 May

Northern European rod prices fall amid low demand

Northern European wire rod prices have decreased this week amid low demand and a quiet market, sources say. Some participants expect further falls. “Demand continues to be very weak and the summer restocking from the construction industry has not yet started,” a buyer tells Kallanish. Prices have dropped some €30-40/tonne ($33-44), depending on the sort. Domestic transaction prices for drawing-quality wire rod are at €690/t ($761/t) ex-wor…
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