Prices for rebar produced and delivered in Northern Europe have softened over the past week amid continued low demand and high stocks, sources told Metal Bulletin on Wednesday June 6.
Metal Bulletin's weekly price assessment for domestic rebar in Northern Europe was ?,?535-545 ($626-637) per tonne delivered on Wednesday, down from ?,?535-550 per tonne delivered on May 30."The situation regarding high stock levels at distributors has not changed over the past few weeks," a Northern European producer source said.Market buying activity remains limited but is expected to pick up in...