Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe
, was €425-440 ($500-518) per tonne on Wednesday, widening upward from €425-435 per tonne last week.
The assessment was based on deals and offers heard in the market.
In Spain, prices were largely flat in a seasonally slow market, but Italian mills managed to achieve slight increases on good buying activity.
In Italy, rebar was trading at €390-405 per tonne ex-works, widening upward by some €5 per tonne over the past week. This would be equivalent to about €425-440 per tonne delivered, sources told Fastmarkets.