The price for rebar produced and delivered in Southern Europe slipped downward on Wednesday October 17, with buyers uncertain and few deliveries of any substantial size being sought.
Fastmarkets' weekly price assessment for domestic rebar in Southern Europe fell to ?,?520-545 (602-631) per tonne per tonne delivered on Wednesday, from ?,?530-545 per tonne a week ago.While uncertainty is keeping many buyers from committing to any business beyond the near term, the market consensus is starting to accept that lower prices will be an inevitable result of the situation in Turkey.The...