EUROPE REBAR: Price in north narrows up on healthy orders; buying scales back in south

The domestic Northern Europe steel rebar price moved up on the low end of the range in the week to Wednesday July 29 after some mills secured deals at higher prices, while prices were stable in the south of the region on reduced buying activity during the typical summer vacation season.

Trading activity in the Northern Europe rebar market started to slow during the last week of July but mills’ order books for August material were "healthy," sources said.
"Order intake continues at normal pace, we see good recovery in bookings," one mill source said.
Construction activity continues at healthy pace in most regions, indicating good support for rebar demand.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe was €450-460 ($527-539) per tonne on July 29, narrowing upward by €10 per tonne from a week ago.

Most market participants that spoke to Fastmarkets do not expect major...

Published

Julia Bolotova

July 29, 2020

15:38 GMT

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