NORTHERN EUROPE REBAR: Prices stable amid buyer-seller stalemate [CORRECTION]

The price of steel rebar in the Northern Europe domestic market was unchanged this week amid a stalemate between buyers and sellers over the direction in which prices should move, Fastmarkets heard on Wednesday December 4.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe was €475-485 ($526-537) per tonne on Wednesday, unchanged from a week earlier.
Sellers believe prices should increase because of higher ferrous scrap costs and a lack of imports.

The EU safeguarding quota for rebar from Turkey, the main source of...

Published

Ross Yeo

December 05, 2019

09:27 GMT

London