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...


Viral Shah

April 03, 2019

18:38 GMT