Rebar buyers in the region continued to push for lower prices, citing persistent slow demand that restrained trade volumes, and also payment issues arising from the Covid-19 pandemic.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe
, was €400-430 ($446-480) per tonne on June 3, down by €10 per tonne week on week due to the deals and offers heard in the market.
The Italian rebar market re-opened on Wednesday after a long weekend with public holidays.
Sources noted a minor increase in trading activity but this was largely from attempts to destock.
“Almost all steel producers and traders were closed on Monday and Tuesday...