Activity in the Spanish
wire rod market has remained sluggish this week.
Wire rod domestic prices in
Spain are standing at €495-505/mt ($644-657/mt) for deliveries to customer, while
wire rod export offers are still at €475-480/mt ($618-624/mt) FOB. However, since Spanish
wire rod export offers are higher compared to ex-CIS
wire rod offers, which are at $600-610/mt FOB Black Sea, demand for the Spanish offers is low and Spanish mills are expected to readjust their prices in the coming days.