The price level of mesh quality wire rod in the Spanish domestic market is at around €540-550/mt ($812-827/mt) delivered to warehouse for 90-day deferred payment, excluding VAT.
The local wire rod market in Spain is in a better situation compared to last week. Offers with price levels of up to €560/mt ($842/mt) have been reported. The activity seen in the non-European markets may activate the prices in the Spanish market.