NORTHERN EUROPE REBAR: Price range widens down on sluggish demand

The price range for rebar produced and delivered in Northern Europe widened downward by €5 per tonne amid sluggish demand and cautious buying activity, sources told Fastmarkets on Wednesday April 3.

Fastmarkets’ weekly price assessment for domestic rebar in Northern Europe was €535-550 ($599-616) per tonne delivered on Wednesday, down from €540-550 per tonne delivered on March 27. “There has not been a lot of activity, we’ve had some inquiries and I’m hoping to complete deals soon, but prices have weakened a little in the region,” one trader said. Other market participants expect prices to remain largely unchanged throughout April. “Customers are more cautious and waiting...

Published

Viral Shah

April 03, 2019

18:38 GMT

London