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26 Jan

Northern European rod remains stable amid quiet market

Northern European wire rod prices have remained flat this week due to low activity in the market, sources say. Some nevertheless continue to expect prices to increase in February amid restocking by steelmakers. “There is some activity, but the sold volumes are very minimal,” a buyer from the Netherlands tells Kallanish. Domestic transaction prices for drawing-quality wire rod are at €710/tonne ($774/t) ex-works and mesh-grade wire rod is at &euro…
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