GSW to increase wire rod prices
According to recent market reports,
Spain's Global Steel
Wire (GSW), a subsidiary of Celsa group, has decided to increase its
wire rod prices by €15/t in January 2004. The price hike is attributed to the increase in
scrap prices.
The prices of mesh quality and low carbon drawing quality will be increased to around €305/t and €310/t respectively in January. Moreover, the company considers a further increase between February and March.