The weekly price assessment for rebar produced and delivered in Northern Europe softened this week amid reluctant buying activity, sources told Fastmarkets on Wednesday July 3.
Market participants held back from buying while they waited to see the effects on pricing of an influx of imports, following the start of the new annual quota period for the EU steel import safeguards on July 1.Fastmarkets' weekly price assessment for domestic rebar in Northern Europe was ?,?500-525 ($565-593) per tonne delivered on Wednesday, down by ?,?5-10 per tonne from ?,?510-530 per tonne delivered on June 26."We haven't had...