By the conclusion of the week ending on May 10th in the USA, Steel Wire Rod prices remained stable, with no significant fluctuations observed. Meanwhile, in the German domestic market, Steel Wire Rod prices rose, accompanied by a notable increase in shipping expenses from China/East Asia to Northern Europe. However, concerns emerged over the sluggish progress of Germany’s economic recovery, despite a robust year-on-year increase in automobile sales volume in April. Similarly, in China, there was a decline in domestic Steel Wire Rod prices, influenced by broader macroeconomic trends and reduced demand post the Labour Day holiday, despite a continuous expansion in the manufacturing sector.

At the close of the week ending May 10th in the USA, there was no fluctuation in the prices of Steel Wire Rod, indicating stability. The current market environment and circumstances have ensured that the pricing of Steel Wire Rod has remained unchanged from the previous week, as there have been no significant changes in the factors influencing the final prices.