EU long steel prices stay unchanged amid muted activity


The Northwest European market for rebar and medium sections remained unchanged in the week ended July 17, as activity in the market remained limited due to summer holidays in most European countries.

“Market is quiet,” a distributor source said. “A lot of people are away next week due to holidays.”

Sources said that demand from the construction sector has remained stable, however, some delays are expected due to the weather.

“Construction demand is stable,” the source said. “However, there may be some delays due to the weather.”

Platts assessed the price of Northwest European rebar stable on the week at Eur615/mt ex-works.

Tradable values were heard at Eur615/mt EXW Benelux.

Meanwhile, Platts assessed the price of European medium sections stable on the week at Eur750/mt delivered Benelux.

Workable levels were reported at Eur740-750/mt delivered Benelux.

spglobal.com