Wire rod prices have remained stable in the last two weeks in the Italian domestic market, according to local market sources. Drawing quality wire rod prices are still at €480-500/mt ($628-654/mt) delivered to customer. The producers consulted by SteelOrbis report that current sales volumes are sufficient and - as usual in recent times - a lot of their attention is focused on the problem of payment collection.
Prices are largely unchanged in the export market as well, with Italian producers offering wire rod at €460/mt ($602/mt) FOB. Just as in the rebar market, the Italian wire rod market also suffers from the fact that Algerian customers are not so eager to buy. Nevertheless, there has been a slight increase in the volume of inquiries from Algeria amid the production stoppages implemented by major Italian producer Lucchini.
€1 = $1.308