Spanish wire rod prices
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.