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18 May

Sluggish market keeps northern European rod prices flat

Northern European wire rod prices remain stable this week amid low demand and a sluggish market, sources say. Most participants do not know what to expect in the next two weeks. “Demand continues to be weak and the construction industry is silenced,” a trader from the Netherlands tells Kallanish. Domestic transaction prices for drawing-quality wire rod are at €680/tonne ($732/t) ex-works and mesh-grade wire rod is at €690/t, sources say. Pr…
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