EUROPE REBAR: Prices narrow upward, new increases to come soon

The domestic rebar market in the EU has been largely quiet in the past week because of continuing holidays, although some producers have already declared higher prices for January amid bullishness in raw materials and persistent shortages, sources told Fastmarkets on Wednesday January 6.

Southern Europe
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe, was €590-595 ($724-731) per tonne on Wednesday, narrowing upward from the range of €575-595 per tonne first recorded before the Christmas break. The price was now at its highest since September 2008.
In Italy’s rebar market, trading was still quiet due to public holidays, with some mills still out of the market but expected to come back on January 11.

The latest deals were heard closed at prices...

Published

Julia Bolotova

January 06, 2021

14:35 GMT

Dnipro