Prices for rebar produced and delivered in Southern Europe widened upward by ?,?5 per tonne on Wednesday June 5 on limited trading, but weak demand continued, market participants told Fastmarkets.
Fastmarkets' weekly price assessment for domestic rebar in Southern Europe rose to ?,?495-515 ($557-579) per tonne delivered on Wednesday from ?,?495-510 per tonne delivered on May 29."The price has increased a bit but only small quantities have been traded," an Italian trader said.End-user demand remains weak, market participants said."Buyers have no rush to buy, they are well-stocked," a Southern European...