Fastmarkets’ weekly price assessment for domestic rebar in Southern Europe
was €490-500 ($558-569) per tonne delivered on Wednesday, down €5-15 per tonne week on week from €495-515 per tonne on June 19.
“The demand from buyers is there, but the price level where negotiations [for domestic material] will start will be lower,” one Southern European producer source said.
“This is because there is already old imported material, which didn’t make the previous quota period, and has been waiting at EU ports since April. This...