SOUTHERN EUROPE REBAR: Price holds at high levels despite slower trading

The domestic steel rebar market in Southern Europe was stable over the week to Wednesday June 9 despite a slowdown of buying activity, and market participants are optimistic that tight supply and surging raw materials will support further price rises.

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...


Julia Bolotova

June 09, 2021

13:55 GMT