EUROPE REBAR: Prices rise on costly scrap, good buying

Domestic prices for steel rebar have increased across Europe, supported by high scrap costs, good buying activity and a lack of competition from imports, sources told Fastmarkets on Wednesday September 30.

Northern Europe
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was €475-480 ($556-562) per tonne on Wednesday, up from €455-470 per tonne last week.
Sources pointed that buying activity in most Northern countries was good. Producers managed to achieve higher rebar prices in deals, supported by bullish scrap prices and good buying activity, sources said.
Demand for rebar from the key end-sector, construction, “was back to normal levels,” sources said, so no upturn in demand was expected.

“We have very good order books,” one source said. “Construction is going on at normal levels, [or] even higher...

Published

Julia Bolotova

September 30, 2020

14:22 GMT

Dnipro