Increased feedstock costs as well as solid demand pushed the rebar price in Southern Europe up further in the week to Wednesday June 16.
Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Southern Europe at ?,?760-785 ($921-952) per tonne on Wednesday, up from ?,?740-760 per tonne last week. The price has been rising steadily since early May when it stood at ?,?620-650 per tonne.In Italy, rebar was heard traded at ?,?480-500 per tonne ex-works (?,?745-765 per tonne ex-works effective for 12mm material;...