In the European
rebar market, prices are following a sideways trend, with no change being observed since last week.
Accordingly,
rebar prices in the southern European market are standing at €515-520/mt ($632-638/mt) for deliveries to customer, while
rebar export offers from southern
Europe are still at €500-510/mt ($614-626/mt) FOB.
Despite the anticipation of higher scrap prices, poor demand in
Europe amid the continuing summer holidays is preventing
rebar prices from edging upwards.
€1 = $1.227