NORTHERN EUROPE REBAR: Prices stabilize after weeks of volatility; but more increases likely

Steel rebar prices in Northern Europe have been broadly flat over the past week, but market sources were expecting mills to push for increases soon to reflect the surge in production costs, Fastmarkets heard on Wednesday October 13.

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...

Published

Julia Bolotova

October 13, 2021

14:22 GMT

Dnipro