SOUTHERN EUROPE REBAR: Prices continue rise on tighter supply

Prices for rebar produced and delivered in Southern Europe rose sharply for the second consecutive week while supply tightened amid summer mill maintenance, sources told Metal Bulletin on Wednesday July 11.

Metal Bulletin’s weekly price assessment for domestic rebar in southern Europe was €505-530 ($593-622) per tonne delivered on Wednesday, up from €500-515 per tonne one week earlier. The assessment includes offers and deals heard in Italy and Spain. “There is an evident lack of material available in Italy – Feralpi has practically stopped offering, while Valsabbia only has material in a few diameters available,” one market source said. “The mills are likely to limit sales to avoid lowering stocks and...

Published

Viral Shah

July 11, 2018

17:10 GMT

London