EUROPE REBAR: Prices stabilize, supported by good demand in most regions

Steel rebar prices were largely steady in Europe in the week to Wednesday July 8 with buying activity reported to be satisfactory in most regions.

Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe was ?,?425-435 ($480-492) per tonne on Wednesday, narrowing from ?,?420-435 per tonne delivered last Wednesday.
The assessment was based on deals and offers heard in the market.
Italy
Rebar prices from Italian mills were heard at ?,?390-400 per tonne ex-works, stable on last week. This would be equivalent to about ?,?425-435 per tonne delivered, sources told Fastmarkets.
Trading activity was moderate this week, but buyers had sufficient stocks and were largely booking small tonnages, sources said.

"Regarding trading, it's true that no one is rushing to buy, market is going on slowly," a...

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