In Southern Europe, trading activity was moderate this week, with rebar prices holding firm, sources said.
They added that producers this year might take shorter-than-usual summer holidays in August “to recover some tonnages lost during [the Covid-19 pandemic] lockdown.”
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe
, remained at €425-435 ($483-495) per tonne on Wednesday.
The assessment was based on deals and offers heard in the market.
In Italy, rebar was traded at €390-400 per tonne ex-works, at parity with last week’s price. This would be equivalent to about €425-435 per...