Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe
was €450-460 ($530-541) per tonne on October 14, unchanged from the week before.
This week, rebar in Italy was trading at €410-420 per tonne ex-works, flat week on week. This is equivalent to about €450-460 per tonne delivered.
"The market is quite flat and producers do not want to move from the price they have reached," one trader said.
Buying was reported to be slow, mainly...