Mixed price trend for Nordic long products in October

In Sweden, wire producers report a modest reduction in demand, this year. Activity in the automotive sector is now showing signs of recovery but price increases for wire rod, in October, were tempered by competition between suppliers. Selling values rose modestly in Denmark, and, in Norway, a more sizeable increase in NOK values was, in part, due to the substantial weakening of the local currency, relative to the euro. Sales tonnages in Finland were boosted by restocking by wire drawers. Import volumes – especially, those from Russia – are being restricted by the EC safeguarding quotas.

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