Metal Bulletin’s weekly domestic price assessment for rebar in Southern Europe widened upward to €525-545 ($649-674) per tonne delivered on Wednesday, compared with €525-535 per tonne delivered one week ago.
“Domestic scrap prices have risen in Spain due to tighter supply, pushing up rebar prices,” one Southern European trader said.
Market activity in Italy remains slow, according to one Southern European producer source.
“Old orders are still being delivered after the recent bad weather, but [the weather] still isn’t that great. Rain means that building activity continues...