EU domestic rebar, wire rod prices continue to rise on high production costs

Prices for rebar and wire rod rose in both Northern and Southern Europe this week because of higher production costs and reduced supply, sources told Metal Bulletin on Wednesday September 13.

Metal Bulletin’s weekly domestic price assessment for rebar on Wednesday rose by €10-15 per tonne to €535-560 ($640-670) per tonne delivered in Northern Europe on September 13, up week-on-week from €525-545 per tonne delivered. “Rebar availability is limited in September, and most of the mills are now offering material to be rolled in October,” one industry source said. Costs for graphite electrodes, used in electric arc furnace (EAF) steel production, have soared in recent months due to a lack of availability from China....

Published

Viral Shah

September 13, 2017

18:45 GMT

London