NORTHERN EUROPE REBAR: EC quota upgrade proposal provides clarity, buyers stick to short termdeals

The price for rebar produced and delivered in Northern Europe stayed flat on Wednesday January 9, although the European Commission’s recent proposal for 2019 steel import tariffs has removed some of the uncertainty in the market.

Fastmarkets MB’s weekly price assessment for domestic rebar in Northern Europe remained at $540-560 ($618-641) per tonne delivered on Wednesday, with no new deals reported. However, a number of suppliers submitted their first offers of the year during the week. The existing European import quotas,...

Published

Jethro Wookey

January 09, 2019

16:31 GMT

London