NORTHERN EUROPE REBAR: Prices stable amid cautious end-user buying

The price range for rebar produced and delivered in Northern Europe has remained unchanged week on week amid continued cautious buying activity among end-users, sources told Fastmarkets on Wednesday April 10.

Fastmarkets’ weekly price assessment for domestic rebar in Northern Europe was €535-550 ($603-620) per tonne delivered on Wednesday, unchanged from April 3. “I don’t think the price will rise dramatically. April is a short month [in terms of working days] due to the Easter holidays [on April 19-22]. It’s about maintaining this level - the price is decent and has been stable for a while,” one trader said. The weekly price assessment for domestic rebar in the region was €530-550 per tonne on January 16 and has fluctuated within this range since. “The EU quota [for ‘other countries’] has been...

Published

Viral Shah

April 10, 2019

16:18 GMT

London