SOUTHERN EUROPE REBAR: Bullish producer offers support price uptick

The domestic steel rebar price in southern Europe inched up on bullish offers but producers have failed so far to achieve deals at these levels amid slow buying, Fastmarkets heard on Wednesday, April 7.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe was €590-600 ($698-710) per tonne on Wednesday, up by €5 per tonne over a week.
The assessment was based on deals, offers and achievable prices heard by market participants over the assessment week.

Rebar in Italy was heard traded at €560-570 per tonne ex-works (€590-600 per tonne...


Julia Bolotova

April 07, 2021

16:21 GMT