NORTHERN EUROPE REBAR: Markets flat but sentiment upbeat

Northern European rebar market was quiet in a week to Wednesday February 24 with prices broadly stable, sources told Fastmarkets.

Although customers were cautious to make large bookings on expectations that prices would fall in line with European scrap price declines in February, producers were firm on their price offerings.

“Mills have good order books so are in no rush or hurry. The sentiment [for rebar] was negatively impacted after the scrap downturn in the EU in February, but the recent increase in the international scrap market as well...

Published

Julia Bolotova

February 25, 2021

12:05 GMT

Dnipro