SteelOrbis has been informed that Italian
wire rod offers to the export markets are currently at €425/mt ($472/mt) FOB. Demand for Italian
wire rod has been quiet over the past week, while European
wire rod suppliers' offers to foreign markets have become less attractive given the strengthening of the euro against the US dollar, to close to $1.12 yesterday, June 2.
€1 = $1.11