Spain announces steel wire demand still flat

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Publish time: 2nd January, 2014      Source: ChinaCCM
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Spain announced its wire prices to stay flat due to sluggish demand on the local market around €490-495/ton (US$676-683/ton). Currently, Spain wire and drawing material export prices are about FOB €470/ton (US $ 649/ton) and FOB €485/ton (US$ 669/ton).

However, market sources said the current market demand is still weak and most buyers would expect to wait and see if market will be improved in 2014.