Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe
was €650-680 ($781-818) per tonne on May 5, widening upward by €10 per tonne week on week.
The assessment was based deals, offers and achievable prices reported by market sources over the past week.
The low end of the assessment - €650 per tonne delivered - reflected deals and price indications in the Benelux area, while offers there ranged €660-680 per tonne delivered, sources said.
"It's a bit difficult to push through an increase as buyers will not accept higher prices yet. They prefer to wait and see, and book small tonnages for urgent needs," a trader in the Netherlands said.