Subdued buying constrains steel rebar price growth in Northern Europe

Steel rebar prices widened upward in Northern Europe in the week ended November 3 despite limited trading, sources told Fastmarkets.

Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe was ?,?800-840 ($928-951) per tonne on November 3, widening up by ?,?20 per tonne from ?,?800-820 per tonne seven days earlier.
Buyers in the region were largely holding back from trading due to high prices, sources said, but producers were reluctant to give discounts due to high costs.

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