Market activity remains low and buyers remain generally reluctant to commit to volumes, market participants said.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe
, was €470-485 ($528-545) per tonne on Wednesday, up from €470-480 per tonne on July 10, a two-year low.
“The steel producers are selling at €480-485 per tonne in Italy,” an Italian market participant said. “They all want to reach the summer break with the price at €500...