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22 Feb

Northern European wire rod prices remain flat

Northern European wire rod prices are stable again this week, with the market sluggish due to low demand, sources say. Participants do not expect the market to change this month. “The trade in Europe is very weak. There are not much new deals,” one buyer from the Netherlands tells Kallanish. Domestic transaction prices for drawing-quality wire rod are at €650/tonne ($702/t) ex-works and mesh-grade wire rod is at €660/t. Producers are asking…
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