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...