Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe
, was €475-490 ($525-541) per tonne on Wednesday, down by €15-25 per tonne week on week.
The primary reason for this was low order volumes, with the price reductions being attempts by sellers to stimulate buying.
Some sources pointed to weak economic performance in Germany and a slow construction sector in the Netherlands as other reasons for the slow demand.
But others said that underlying consumption of rebar was...