In northern Italy, rebar was on offer at €550-570 ($607-635) per tonne ex-works, sources said, while offers came in at €570-600 per tonne ex-works in the south of the country.
Last week, the lowest offer prices were around €580 per tonne ex-works.
Fastmarkets’ price assessment for steel reinforcing bar (rebar) domestic, exw Italy was €550-600 per tonne on May14, down from €580-620 per tonne on May 7.
Italian suppliers were offering wire rod at €580-600 per tonne ex-works, which equates to about €590-615 per tonne delivered.
In Spain, meanwhile, sellers were targeting €620 per tonne delivered for wire rod, but sources said that level was unacceptable for customers and expect the price to fall to €610 per tonne delivered.
Fastmarkets weekly price assessment for steel wire rod (mesh quality) domestic, delivered Southern Europe, was €590-610 per tonne on May 14, down by €10-20 per tonne from €610-620 per tonne on May 7.
Rebar was traded in Spain at around €615 per tonne delivered in the week to Wednesday, sources told Fastmarkets.
And Fastmarkets weekly price assessment for steel reinforcing bar (Rebar) domestic, delivered Spain, remained unchanged at €610-620 per tonne in the week to May 14.
