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Italian Wire Rod Prices Rise on Middle East Tensions and Climbing Energy Costs
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2026-06-15
Italian wire rod prices are moving higher amid escalating tensions between Iran, the US., and Israel, as well as rising natural gas and electricity prices, with further increases expected. Despite the upward pressure, demand for March shipments remains weak, and the market has not seen any panic buying. Wire rod producers are either raising offers or suspending sales due to higher production and transport costs triggered by surging oil prices, which are also discouraging some truckers from loading material.
Recent deals for drawing‑quality wire rod have settled around €620 per tonne delivered, following pre‑conflict target levels of about €630–635 per tonne delivered. After the escalation, some smaller buyers have accepted prices near €660 per tonne delivered, while large customers remain cautious and are watching the market closely. Inventories in Italy are not reported to be low, and import supplies are not currently disrupting the domestic market, though they may become more attractive if EU producers push prices too aggressively.
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