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EU rebar mills seek €40 price rise as costs increase

September 01, 2010 - 13:26 GMT Location: London

European rebar producers are attempting to increase domestic prices by €40 ($51) per tonne due to higher ferrous scrap costs, despite weak domestic demand

Small tonnages of rebar were sold at €500-520 per tonne delivered for September production, up from the previous price of €480-500 delivered last week, according to EU mill and trader sources. Spanish rebar producer Megasa has been offering rebar at €515 per tonne delivered,...

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