Domestic steel rebar prices in Southern Europe continued to slide for the second week in a row amid slow demand and a downtrend in the scrap segment, sources told Fastmarkets on Wednesday February 10.
Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe was ?,?595-615 ($722-746) per tonne on Wednesday, down by ?,?5 from ?,?600-620 per tonne last week."Demand remains low, customers' expectations are that the downtrend will continue, so they're buying only what is strictly necessary," one trader said. ...