SOUTHERN EUROPE REBAR: Prices slip on poor export demand but sources watch scrap costs

The price of steel rebar in the Southern European domestic and export markets was slightly lower this week because limited export opportunities were creating an excess of supply, sources told Fastmarkets on Wednesday October 9.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe, was €445-465 ($488-510) per tonne on Wednesday, widening downward by €10 per tonne. Fastmarkets’ corresponding assessment for the price of steel reinforcing bar (rebar), export, fob main port Southern Europe, was €380-400 per tonne, narrowing downward by €10 per tonne. While many exporters were still able to send material...

Published

Ross Yeo

October 09, 2019

18:12 GMT

London