EUROPE REBAR: Domestic Northern price increase could soon reverse on lower scrap

The price of steel rebar in the Northern European domestic market was confirmed at higher levels this week in a delayed reaction to higher scrap prices in December, sources told Fastmarkets on Wednesday January 22.

Last week a mill claimed to have achieved higher prices with some of its customers, and this week these higher figures were heard across the market.

Yet the increases may be short-lived given that daily ferrous scrap prices in Turkey, which heavily influence the monthly scrap contracts negotiated in Europe, suffered a sharp...

Published

Ross Yeo

January 22, 2020

18:22 GMT

London