According to sources, prices for drawing quality low carbon wire rod in the Italian domestic wire rod market are still at around €460/mt ($515mt) delivered to customer. However, demand is low and market players believe that wire rod prices will decrease in the coming period, also given the slight decreases in scrap prices recorded in past weeks. Meanwhile, import wire rod prices in Italy are in line with local prices. Suppliers of imports do not want to grant a price advantage, while any import purchases by Italian buyers are merely strategic.
€1 = $1.12