SOUTHERN EUROPE REBAR: Slow trading puts prices under pressure

The domestic steel rebar market in the south of Europe was seasonally quiet in the week to Wednesday July 21 with most buyers holding back form trading, sources told Fastmarkets.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe was €760-810 ($895-954) per tonne on Wednesday, compared with €780-820 per tonne one week previously.
The assessment was a reflection of deals and achievable prices reported by sources over the past week.

The assessment decline is mainly due to slightly weaker Spanish prices. In contrast, the Italian market was broadly flat, with local producers attempting...


Julia Bolotova

July 21, 2021

15:23 GMT