SOUTHERN EUROPE REBAR: Prices flat while Turkey question hangs over market

The price for rebar produced and delivered in Southern Europe remained flat on Wednesday October 10, with the situation in Turkey starting to turn some bulls to bears.

Fastmarkets’ weekly price assessment for domestic rebar in Southern Europe was €530-545 ($608-626) per tonne delivered on Wednesday, unchanged for the second consecutive week. Sellers have been happy to wait for more buying activity and have been refusing a number of lower offers in recent weeks. Good overall forecasts for demand and higher scrap prices are...

Published

Jethro Wookey

October 11, 2018

11:05 GMT

London