SOUTHERN EUROPE REBAR: Domestic prices stable, weak demand continues

The price for rebar produced and delivered in Southern Europe remained unchanged on Wednesday May 22, amid continuing weak demand, market participants told Fastmarkets.

Fastmarkets’ weekly price assessment for domestic rebar in Southern Europe was €500-510 ($559-569) per tonne delivered on Wednesday, unchanged from May 8. “We are just hoping for the market to remain stable as the demand situation is [poor] - end users need to be looking for volumes and they are not looking right now,” a Southern European producer source said. “It’s a wait-and-see situation right now - we’re hoping for the European Commission (EC) to strengthen the import...


Viral Shah

May 22, 2019

18:06 GMT