Prices for rebar produced and delivered in Southern Europe narrowed upwards in the week to Wednesday May 2, which reflected a slight increase in scrap prices, sources told Metal Bulletin.
Market activity remained quiet, however, with public holidays in several European countries.Metal Bulletin's weekly domestic price assessment for rebar in Southern Europe narrowed upwards by ?,?5 per tonne week on week to ?,?495-520 ($595-626) per tonne delivered on Wednesday from ?,?490-520 per tonne delivered on April 25."Prices for scrap bookings are up slightly, so the market sentiment seems to be moving upwards but most of the European market is on holiday so it is very quiet this week," one trader said.Metal Bulletin's daily index for Northern European HMS...