Domestic steel rebar prices in Europe were largely rangebound in the week to Wednesday October 7, with market participants saying they believe prices have reached a top in both the north and south of the region.
Northern EuropeDemand was still good in most Northern countries, driven by a strong construction sector. But market participants said they have noticed demand is flattening out and they do not expect consumption to increase. Moreover, sources said demand for new construction permits is reportedly declining especially in residential and non-residential sub-sectors because of market volatility and fears of a second wave of...