NORTHERN EUROPE REBAR: Prices stable with sellers hopeful scrap market has bottomed out

The price of steel rebar in the Northern European domestic market was unchanged this week amid signs that the downward trend in the ferrous scrap market may have finally come to an end, sources told Fastmarkets on Wednesday October 9

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,...

Published

Ross Yeo

October 09, 2019

17:36 GMT

London