Steel rebar prices in Northern Europe rose a week before Wednesday, August 14, despite generally calm trading.
The main reason for the price increase was the fact that two factories in the region revised their prices for additional services against the background of increased production costs in prices.
Additional services usually remain stable for many years and are added to the base price, which is usually liquid. But this week, two manufacturers increased rebar margins by 10-30 euros ($12-35) per ton, depending on the diameter, according to documents reviewed by Fastmarkets.
The average mark-up for fittings with a diameter of 8-32 mm currently stands at just over 272 euros per ton, while the base price for both suppliers was reported to be 370 euros per ton. According to market sources, this would give a total of 642 euros ($749) per ton as the initial effective supply price on the terms of delivery.
Base prices are usually negotiable, but some customer-side sources have reported that the new asking prices are acceptable, although no new offers have been received. At the time of publication, information about orders had already been received.
Meanwhile, a seller's source estimated reasonable prices in Germany and Belgium at 630-635 euros per ton for delivery, compared with 620-625 euros per ton for delivery at the end of July.
While the prices of local producers in the region are also high, there have recently been offers to supply Polish fittings to Germany at a price of 610-615 euros per ton. Week after week, this indicator remained stable, but at the end of July it increased from 600-610 euros per ton.
The price of steel fittings by Vlad Novokreschenov
Fastmarkets.com
