Fastmarkets’ price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe, was €635-670 (713-752) per tonne on May 28, down from €655-680 per tonne on May 21.
In Germany, domestic material as well as material from Poland was available within the range of €635-645 per tonne delivered, with demand in the country being described as sufficient, unlike elsewhere in Northern Europe.
In Austria, local rebar was available at €640 per tonne delivered, while offers of Italian material came at €635 per tonne delivered.
The highest prices were heard in Netherlands, at €670 per tonne delivered, which was down by €10 per tonne compared with the previous week.
In Spain, prices dropped somewhat this week after several weeks of stability. Workable levels fell to €605 per tonne delivered, versus €610 per tonne heard earlier in May, and offers at €620 per tonne delivered.
Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Spain, was reduced correspondingly to €605 per tonne on May 28, from €610-620 per tonne on May 21.
The lowest prices were usually seen in Italy. In the north of the country, prices varied within the range of €540-560 per tonne ex-works, while in the south they were at €570-590 per tonne.
Some bookings were reported within the range of €555-585 per tonne ex-works. After the assessment was published, however, a trading source said that in the north some tonnages had been heard sold at prices as low as €530 per tonne ex-works.
Fastmarkets’ price assessment for steel reinforcing bar (rebar), domestic, exw Italy, widened upward slightly to €540-585 per tonne on May 28, versus €540-580 per tonne on May 21.
