The price of steel rebar in Europe moved downward this week following a continued decrease in the price of feedstock materials, sources told Fastmarkets on Wednesday February 5.
Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was ?,?480-490 ($530-541) per tonne on Wednesday, down from ?,?490-500 per tonne one week earlier."Prices are going down a little bit although not as strongly as customers want, but [orders for] larger volumes could obtain lower prices," a trader said. "[The...