Rebar prices in the region stabilized after another decline last week
, leaving Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe
, unchanged at €780-800 ($901-924) per tonne on October 13.
The market was broadly quiet over the past week with buyers holding back from trading, but sources suggested that the situation would reverse soon.
“Buyers have been waiting for prices to sink further, but now that scrap prices are going up, and there are energy [supply concerns], people are starting to...