SteelOrbis has learned from market sources that local wire rod prices in Spain have softened by €5/mt ($7/mt) over the past two weeks to €490-495/mt ($666-673/mt) delivered. Meanwhile, Spanish mesh and drawing quality wire rod export offers have remained stable since last week at €470/mt ($639/mt) FOB and €485/mt ($660/mt) FOB respectively. Market players state that demand is weak and that sellers are willing to conclude deals below these levels.
€1=$1.36
Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.