Prices for rebar produced and delivered in Southern Europe have softened over the past week with mills adjusting their offers to reduce interest in imported material, sources told Metal Bulletin on Wednesday September 5.
Metal Bulletin's weekly price assessment for domestic rebar in Southern Europe widened downward to ?,?530-560 ($614-648) per tonne delivered on Wednesday, compared with ?,?540-560 per tonne delivered on August 29."The market dropped because of [what has happened in] Turkey, but sentiment is more positive now that the Turkish [price for] import scrap has recovered and could be around $315 per tonne cfr," one trader said.The recent political and trading tensions between the United...