Local rebar prices increase in the UK

Medium sized rebar offers given by UK mills to their local market are standing at around the level of ₤330/mt ($489/mt) delivered to customer on actual weight basis. The price level of the UK rebar producers has increased by ₤30/mt ($44/mt) in the last two weeks mostly due to the uptrends in global scrap prices and in import rebar prices.
 
₤1= US$1.48220