Rebar and wire rod prices continued to edge down in Northern Europe in the week to Wednesday July 30 amid the summer holiday, lower consumption and pressure from imports, according to sources.
Workable levels for locally produced rebar in Germany narrowed down to €620-625 per tonne delivered in the week to July 30 from €620-630 per tonne delivered a week earlier.
Polish material was available for customers in Germany at €600-610 delivered per tonne.
In Austria, estimates of workable prices for Italian rebar remained around €600 per tonne delivered.
As a result, Fastmarkets’ weekly assessment of the price for steel reinforcing bar (rebar) domestic, delivered Northern Europe widened down to €600-625 per tonne on Wednesday from €600-630 per tonne on July 23.
Fastmarkets’ weekly assessment for steel wire rod (mesh quality), domestic, delivered Northern Europe also widened down to €590-600 per tonne on July 30, from €590-610 per tonne on July 23.
Material from local mills in Germany was reported available within the range of €590-600 per tonne delivered, according to producer and trader sources.
Polish wire rod was available in Germany at €590 per tonne delivered, with a supplier reporting difficulties to push through this price among buyers.
Another producer source noted that the wire rod market in Northern Europe was influenced by the arrival of previously booked tonnages of Asias imports, which explains the gap between local rebar and wire rod prices, according to them.
