According to SteelRadar data, British wire mesh, which was stable at USD 582.50 on 17 May, fell by USD 1.5 to USD 581 on 20 May. Buyers are refraining from buying and selling due to economic uncertainties and high costs, while steel mills are struggling to fill their order books. According to the data, wire mesh prices in the UK continued to fall consecutively after 20 May, falling to USD 580 on 21 May, USD 579 on 22 May and finally to USD 575 on 24 May.
Sources noted that no significant improvement in demand is expected and the market is still sluggish. This situation causes factories in the European Union to have difficulty in receiving orders. Spot prices are expected to fall in the coming weeks. According to SteelRadar data, the UK wire mesh market experienced a slight recovery on and after May 28, rising first to US$576 on May 28 and then to US$580 on May 30. However, this rise did not last long. The wire mesh market fell by USD 7 to USD 573 on 31 May and closed the month of May in this way.
Steel prices are expected to stabilise or decline slightly in the coming period. These forecasts indicate that uncertainties and demand fluctuations in the sector will continue.
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