Domestic prices for steel rebar in the south of Europe declined week over week on slow buying and oversupply, while in the north of the region prices were largely unchanged, sources told Fastmarkets on Wednesday May 27.
Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe was ?,?410-440 ($450-483) per tonne on May 27, down by ?,?5 per tonne week on week due to the deals and offers heard in the market.On top of that, the market was reported to be heavily overstocked across the...