SteelOrbis has learned that ex-Egypt offers for drawing quality wire rod (SAE1006) are at €760/mt CFR southern Europe (specifically, Italy and Spain), with shipments in January. At the same time, Egypt is offering mesh quality wire rod at €745/mt CFR, while an Algerian producer is offering the same material at €750/mt CFR, all for January shipments.
Drawing quality wire rod prices in the Italian domestic market have increased very recently due to high production costs, from the previous levels of €780-800/mt to €800-830/mt, both delivered to customer. However, sources underlined that producers are willing to offer discounts up to €10/mt for large orders.
Meanwhile, mesh quality wire rod in the Balkans is being offered by ArcelorMittal Zenica at €780-790/mt DDP.