The price of steel rebar in the Northern European domestic market was confirmed at higher levels this week in a delayed reaction to higher scrap prices in December, sources told Fastmarkets on Wednesday January 22.
Last week a mill claimed to have achieved higher prices with some of its customers, and this week these higher figures were heard across the market.Yet the increases may be short-lived given that daily ferrous scrap prices in Turkey, which heavily influence the monthly scrap contracts negotiated in Europe, suffered a sharp...