SOUTHERN EUROPE REBAR: Prices stable but decreases expected on lower scrap costs, high supply

The price of steel rebar in the Southern European domestic market was stable this week but further decreases were likely because of continuing losses in the ferrous scrap market, sources told Fastmarkets on Wednesday October 2.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe, was €455-465 ($496-507) per tonne on Wednesday, unchanged week on week. The cost of scrap, the primary feedstock for rebar production, has been decreasing since the beginning of August and rebar prices have already been pushed...

Published

Ross Yeo

October 02, 2019

18:42 GMT

London