NORTHERN EUROPE REBAR: Prices widen downward amid hesitant buying

The price of rebar produced and delivered in Northern Europe has widened downward by €5 ($6) per tonne amid hesitant end-user buying activity and continued concerns about demand, market participants told Fastmarkets on Wednesday May 15.

“Apparent demand from the construction sector is okay, but there is buyer hesitation, which is leading to some nervousness from mills, and they might drop the price a little to secure an order,” one European producer source said. Fastmarkets’ weekly price assessment for domestic rebar in Northern Europe was €525-545 ($589-612) per tonne delivered on May 15, widening downward from €530-545 per tonne on May 8. Offers of material from Southern European mills to customers in Germany, the Netherlands and Belgium were also...

Published

Viral Shah

May 15, 2019

16:35 GMT

London