Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe was €640-645 ($661-666) per tonne on Wednesday, narrowing upward by €30 per tonne from €610-645 per tonne week on week.
Mills raised their rebar offer prices in Northern European after reopening following Christmas closures. The market largely accepted these price rises, Fastmarkets heard.
Meanwhile, international scrap prices edged downward on a weekly basis but increased month on month, Fastmarkets heard.
Fastmarkets’ calculation of its daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was $338.31 per tonne on Wednesday, down from $348.12 per tonne a week earlier and up from $325.00 per tonne a month ago.
The corresponding Fastmarkets’ weekly price assessment for steel wire rod (mesh quality), domestic, delivered Northern Europe was at €610-620 per tonne, stable week on week.
