SOUTHERN EUROPE REBAR: Prices stable in quiet market ahead of expected import surge

Prices paid for rebar produced and delivered in Southern Europe were unchanged this week amid heavily subdued activity while buyers await an expected influx of imports in July, sources told Fastmarkets on Wednesday June 19.

Fastmarkets’ weekly price assessment for domestic rebar in Southern Europe was €495-515 ($555-577) per tonne delivered on Wednesday, unchanged week on week. "It's completely calm, it's dead. Everyone is waiting for July,” a trader said. EU safeguarding quota balances are due to be renewed on July 1 and a deluge of imports are expected to arrive as a result...

Published

Ross Yeo

June 19, 2019

18:55 GMT

London