NORTHERN EUROPE REBAR: Slower buying, weaker scrap weigh on prices

Steel rebar prices in Northern Europe have declined slightly over the past seven days amid a slowdown in buying and a softer scrap market, sources told Fastmarkets on Wednesday February 3.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was €640-660 ($771-795) per tonne on Wednesday, down by €10 per tonne from €650-670 per tonne seven days earlier.
The assessment reflected deals, offers and achievable prices reported by market participants over the past week.

Trading activity in the region was reported to be slow over the week, with buyers shunning big purchases in expectation of a fall in the rebar price because of...

Published

Julia Bolotova

February 03, 2021

18:12 GMT

Dnipro