Domestic prices for rebar in Southern Europe have fallen ?,?5 per tonne from last week on lower scrap costs and continued low demand, sources told Metal Bulletin on Wednesday February 14.
Metal Bulletin's weekly domestic price assessment for rebar in Southern Europe on Wednesday was ?,?520-535 ($641-660) per tonne delivered, compared with ?,?525-540 per tonne delivered on February 7."Scrap prices in Italy are down by around ?,?10 per tonne compared with January," one Southern European producer source said."When the market slows down like this, everyone keeps their orders to themselves and waits," he added.Other market participants declined to lower their prices in response to the recent weakening in scrap prices."We're trying to...