Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe
held at €740-760 ($901-925) per tonne on Wednesday, the highest since August 20, 2008 when the price hit €770-820 per tonne. The price has risen by 18.11% since the start of May when it stood at €620-650 per tonne.
Buying activity in Italy's market scaled down over the past week with customers largely making only hand-to-mouth bookings due to high prices.
"Buying has become very slow these days. It looks like customers book only what...