Prices for rebar produced and delivered in Northern Europe remained stable over the week ended Wednesday October 17, with buyers unwilling to commit to purchases beyond the very short term at a time of high uncertainty.
Fastmarkets' weekly price assessment for domestic rebar in Northern Europe stayed at ?,?550-570 ($637-660) per tonne on October 17, with almost no new deals reported.There were reasons to be bullish and reasons to be bearish in today's market. A good level of overall demand as well as higher prices for scrap and other raw materials suggested the possibility of higher rebar prices, while the potential for...