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15 Feb

Northern European rod prices stable amid quiet market

Northern European wire rod prices are stable this week amid low demand, sources say. Participants expect the market to remain quiet in the coming weeks. “Demand in Europe is very week and there are not much new deals so far,” one buyer from the Netherlands tells Kallanish. Domestic transaction prices for drawing-quality wire rod are at €650/tonne ($698/t) ex-works and mesh-grade wire rod is at €660/t. Producers are asking for €680/t ex…
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