Fastmarkets’ weekly price assessment for steel rebar, domestic, delivered Northern Europe, was €460-475 ($505-521) per tonne on Wednesday, unchanged week on week.
"We've finally had an increase in scrap prices, so I don't think we'll see any more decreases in [steel reinforcing bar] rebar or wire rod prices,” one distributor said. “We've hit the bottom, absolutely."
Ferrous scrap is the primary feedstock for steel rebar production.
The steel scrap,...