Generally, regional markets across the globe have been performing well so far this quarter, enjoying both higher demand and prices.
Demand for long steel in Europe started to improve in July, with construction activity in most countries recovering from what sources called “the lockdown coma.”
"Demand has returned in Europe. Cut and benders are very busy and so far a relatively low number of projects are on hold," Irepas said.
Longs producers in the Southern Europe took a shorter-than-usual summer break in August
, bringing back operations to meet returning demand.
A gradual recovery of key steel-consuming industries alongside a bullish scrap market started to push rebar prices upward in Europe from September; buyers have largely accepted these increases.
Rebar prices in Southern Europe have stabilized after a massive increase...