NORTHERN EUROPE REBAR: Sentiment upbeat but prices flat in quiet market

Northern European rebar prices have remained firm despite scrap prices decreasing and slower buying on support from good order books at mills and short availability, sources told Fastmarkets on Wednesday February 17.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe was €640-660 ($776-800) per tonne on Wednesday, unchanged week on week.
Steel rebar producers in the region had good order books and were in no rush to sell material, while stock levels at buyers was quite low, sources said.
“[Customers] will have to buy eventually and will have to accept mills' prices. There aren't so many options, imports are few so we're mostly turning to European mills,” one trader in Netherlands said.

Buyers, meanwhile,...

Published

Julia Bolotova

February 17, 2021

16:58 GMT

Dnipro