EUROPE REBAR: Prices rise in North on tighter supply, Italy lockdown

Steel rebar prices in Northern Europe have increased on limited availability, triggered by tightened quarantine measures in Italy and high transportation costs, while trading was reported to be slowing down with the 2019-nCoV coronavirus pandemic clouding the markets, sources told Fastmarkets on Wednesday March 25.

Rebar prices in the region were heard at higher levels compared with last week due to the reduced availability, and to higher delivery costs arising from concerns related to the outbreak.
“Northern mills want to take advantage of Italy’s total lockdown, while buyers are rather skeptical about a [price] increase because the construction [sector] has also started to slow down,” one trader in Germany said.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was €480-500 ($519-540) per...

Published

Julia Bolotova

March 25, 2020

15:32 GMT

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