SteelOrbis has learned from market sources that local prices in the Spanish wire rod market have increased by €5/mt ($7/mt) since last week to €495-500/mt ($673-680/mt) delivered to customer.
Meanwhile, Spanish mesh and drawing quailty wire rod export offers have remained unchanged over the same period at €480/mt ($653/mt) FOB and €495/mt ($673/mt) FOB respectively. Market players state that demand for wire rod in Spain is still weak.
€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.