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.
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...