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The price of steel mesh-quality wire rod in the Northern Europe domestic market dropped this week on a persistent lack of demand, the decreasing cost of scrap and competition from imports, although some participants felt that the market bottom has now been reached, Fastmarkets heard on Wednesday June 1.

Fastmarkets’ weekly price assessment for steel wire rod (mesh quality), domestic, delivered Northern Europe, was €1,100-1,150 ($1,181-1,234) per tonne, down by €120-130 per tonne week on week from €1,230-1,270 per...

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