Prices for rebar produced and delivered in Southern Europe widened downward by ?,?5 per tonne this week amid continued low demand, sources told Metal Bulletin on Wednesday April 4.
Metal Bulletin's weekly domestic price assessment for rebar in Southern Europe widened downward to ?,?510-530 ($627-651) per tonne delivered on Wednesday, compared with ?,?515-530 per tonne delivered one week ago.The assessment widened after market participants in Italy reported mills selling material at ?,?510 per tonne delivered, after domestic ferrous scrap prices in the country had softened in recent weeks."Nothing has changed because of the Easter holidays. There continues to be low demand," one Southern European trader said.Demand is expected to...