The price of steel rebar in the Northern European domestic market was unchanged this week but pressure came from low ferrous scrap costs, and market participants expected to see reduced rebar prices in the coming weeks, Fastmarkets heard on Wednesday September 18.
Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was ?,?475-490 ($524-541) per tonne on Wednesday, unchanged week on week.Meanwhile, Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was $226.42 per tonne on Wednesday, down...