SOUTHERN EUROPE REBAR: Scrap costs drive price to narrow upward, further gains likely
The price of steel rebar in the Southern Europe domestic market narrowed upward this week on higher scrap costs since the beginning of October, with further increases expected in the coming weeks, sources told Fastmarkets on Wednesday November 6.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe
, was €455-465 ($505-516) per tonne on Wednesday, up by €10 per tonne on the low side.
The price of...