An increasing trend would seem to be in store for wire rod prices in the Italian domestic market, due to the rather low levels of wire rod inventory at the current time.
With regard to drawing quality wire rod - the prices of which generally see movement every three months – an imminent price increase is on the cards. Indeed, the second trimester of this year, could see quotations climb by around Euro 20-30/mt with respect to the first trimester.
Meanwhile, the domestic prices of mesh quality wire rod have seen an increase of Euro 5-10/mt in the space of the last four weeks. The import prices of the same product, however, have jumped by $25-30/mt.