Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe
was €425-435 ($480-492) per tonne on Wednesday, narrowing from €420-435 per tonne delivered last Wednesday.
The assessment was based on deals and offers heard in the market.
Rebar prices from Italian mills were heard at €390-400 per tonne ex-works, stable on last week. This would be equivalent to about €425-435 per tonne delivered, sources told Fastmarkets.
Trading activity was moderate this week, but buyers had sufficient stocks and were largely booking small tonnages, sources said.
"Regarding trading, it's true that no one is rushing to buy, market is going on slowly," a...