Domestic steel rebar prices in Southern Europe declined in the week to Wednesday February 3 under the pressure of slow buying activity and weaker scrap values, sources told Fastmarkets.
Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe was ?,?600-620 ($723-747) per tonne on Wednesday, down from ?,?610-635 per tonne last week.ItalyRebar prices started to decrease in Italy during the assessment week due to slow buying activity amid declining scrap prices."The price of steel scrap...