SOUTHERN EUROPE REBAR: Domestic price dips on weak demand; stability expected

The price for rebar produced and delivered in Southern Europe has narrowed downward by €5 per tonne over the past week amid poor demand, market participants told Fastmarkets on Wednesday April 10.

Fastmarkets’ weekly price assessment for domestic rebar in Southern Europe fell to €485-510 ($547-575) per tonne delivered on Wednesday, down from €485-515 per tonne delivered on April 3. Market participants in both Spain and Italy expected demand to remain low over the remainder of the month. “I don’t think there’ll be a big change in price, because we have the Easter holidays [April 19-22] coming up in Spain, so we don’t expect there to be much activity [in the market]. People will wait until after the holiday,” one...

Published

Viral Shah

April 10, 2019

18:18 GMT

London