Prices for rebar made and delivered in Northern Europe are expected to increase over the coming weeks amid an upturn in prices for the ferrous scrap used to make the bar product, sources told Metal Bulletin on Wednesday February 28.
"Prices are more or less unchanged [over the past week]; we expect them to go up in the coming weeks," one Northern European trader said."Scrap prices have turned around and demand is still strong," one producer source said.And a third source said that he expected prices to be "quite good" by mid-March due to the scrap...