Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe
was €610-630 ($737-761) per tonne on Wednesday, up by €10-15 per tonne from €600-615.
The assessment was based on deals, offers and achievable prices heard by market participants over the assessment week.
Late last week, Italian rebar producers increased their offer prices to €610 per tone ex-works (about €640 per tonne delivered), up by about €20-30 per tonne compared with offers in mid-April, citing strong demand and limited availability.
Even though the...