Steel rebar prices in Northern Europe have increased on limited availability, triggered by tightened quarantine measures in Italy and high transportation costs, while trading was reported to be slowing down with the 2019-nCoV coronavirus pandemic clouding the markets, sources told Fastmarkets on Wednesday March 25.
Rebar prices in the region were heard at higher levels compared with last week due to the reduced availability, and to higher delivery costs arising from concerns related to the outbreak.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was ?,?480-500 ($519-540) per...