NORTHERN EUROPE REBAR: Price narrows upwards but downward pressure remains

The price of rebar produced and delivered in Northern Europe narrowed upwards week on week despite the prospect of a big jump in imports of Turkish rebar next month, market participants told Fastmarkets on Wednesday June 12.

Fastmarkets’ weekly price assessment for domestic rebar in Northern Europe was €510-525 ($577-594) per tonne delivered on June 12, compared to €505-525 per June 5. “We see more price pressure coming into the market in the coming weeks, with import volumes coming in July and the weakening scrap prices,” one trader told Fastmarkets on Wednesday. Turkey-origin rebar has an allocation of...

Published

Viral Shah

June 12, 2019

15:35 GMT

London