Prices for rebar produced and delivered in Southern Europe have softened for the second consecutive week, with mills adjusting their offers to reduce interest in imported material, sources told Metal Bulletin on Wednesday September 12.
Metal Bulletin's weekly price assessment for domestic rebar in Southern Europe narrowed downward to ?,?530-550 ($615-638) per tonne delivered on Wednesday, compared with ?,?530-560 per tonne delivered on September 5."Domestic demand is not depressed, but it is not exceptional, either," one Southern European producer source said.Metal Bulletin's weekly price assessment for Southern European rebar imports was ?,?490-500 per tonne cfr main ports on September 12, down from ?,?495-510 per tonne fob on September 5."We're seeing aggressive...