Northern European rod prices remained flat this week due to persistently low demand. Market participants reported minimal activity, with drawing mills not restocking and buyers showing little interest in imports. Domestic transaction prices for drawing-quality wire rod are at €650 per tonne ex-works, while mesh-grade wire rod is priced at €630 per tonne.
The market's current state reflects an overall cautious approach, with stakeholders closely monitoring any developments that could influence pricing dynamics. Despite the stable prices, the lack of demand continues to be a significant challenge for the industry.
