Export prices for Southern European rebar have gone unchanged week-on-week amid continued low market activity, sources told Metal Bulletin on Wednesday January 31.
Metal Bulletin's weekly export price assessment for Southern European rebar was ?,?490-505 ($607-626) per tonne fob main ports on Wednesday."There is little activity but we cannot rush into the market and drop prices immediately. The best thing to do is to wait until the end of the Lunar New Year holiday in Asia [when Chinese market participants return, raising global long steel demand]," one Southern European producer source said."We must not stir the water too much," he added.Metal Bulletin's price assessment for Algerian rebar...