European domestic long steel prices remained stable in the week to Wednesday August 19 amid thin liquidity, seasonal mill closures and subdued demand.
“Market is on holiday at the moment,” a seller source told Fastmarkets.
Market participants said activity remained limited during the assessment week, with ongoing production stoppages across Europe restricting both buying and selling activity.
No new transactions were heard during the assessment week.
In Italy, tradable levels for rebar were heard at €690-730 ($799-845) per tonne ex-works.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, exw Italy, remained unchanged at €690-730 per tonne on Wednesday August 19.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Spain, was unchanged at €750 per tonne on the same day.
Tradable levels for rebar in Northern Europe were heard at €710-730 per tonne delivered.
Meanwhile, Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was unchanged at €710-730 per tonne on August 19.
Wire rod prices followed a similar trend, with weak demand and limited trading activity supporting stable prices during the assessment week.
In Southern Europe, tradable levels for mesh-quality wire rod were heard at €660-680 per tonne delivered.
Fastmarkets’ weekly price assessment for steel wire rod (mesh quality), domestic, delivered Southern Europe, was unchanged at €660-680 per tonne on August 19.
In Northern Europe, tradable levels for mesh-quality wire rod were heard at €705-715 per tonne delivered.
Fastmarkets’ weekly price assessment for steel wire rod (mesh quality), domestic, delivered Northern Europe, was unchanged at €705-715 per tonne on the same day.
