EUROPE REBAR: Buyers resisting price rises in South

Domestic steel rebar prices in Europe were fairly stable in the week to Wednesday November 18, despite producers’ push for increases in the south of the region, sources told Fastmarkets.

Southern Europe
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe, was €430-440 ($510-522) per tonne on Wednesday, flat from the week before.
Italy
In Italy, producers increased their offer prices for rebar, tracking the strength of the international long steel and raw materials markets.
New rebar prices were heard at €410 per tonne ex-works, equivalent to about €445-450 per tonne delivered, up by some €10-15 per tonne week on week.

But this new price was not fixed in any deals yet, and rebar in the country was trading at €395-400 per tonne ex-works, equivalent to...

Published

Julia Bolotova

November 18, 2020

15:26 GMT

Dnipro