The price for rebar produced and delivered in Southern Europe remained flat on Wednesday October 24, with fears easing about a glut of Turkish metal and more bullish market drivers emerging.
Fastmarkets' weekly price assessment for domestic rebar in Southern Europe stayed at ?,?520-545 ($596-625) per tonne per tonne delivered on Wednesday, flat from last week after dipping a week earlier.Turkey recently announced that many state-funded infrastructure projects will be curtailed, and this added to the bearish outlook created the imposition of a 50% US import...