NORTHERN EUROPE REBAR: Sellers reject further price falls on high costs

The price for rebar produced and delivered in Northern Europe rebounded at the low end of the range in the week to Wednesday November 7, with sellers rejecting any further push for lower prices due to high scrap prices.

“Scrap prices are higher and rebar prices are higher,” one trader said. “There hasn't been any increase in demand, but prices have bottomed out.”

Fastmarkets’ weekly price assessment for domestic rebar in Northern Europe rose to €550-560 ($628-639) per tonne delivered on November 7,...

Published

Jethro Wookey

November 07, 2018

16:48 GMT

London