Rebar and wire rod prices in Northern Europe continue to fall
Rebar and wire rod prices continued to fall in Northern Europe during the week, on Wednesday, July 30, amid summer holidays, low consumption and import pressure, according to sources.
The feasible level for local rebar production in Germany has narrowed to €620-625 per ton delivered per week through July 30 from €620-630 per ton delivered a week earlier.
Polish material was available to customers in Germany for €600-610 delivered per ton.
In Austria, estimates of workable prices for Italian rebar remained around €600 per delivered ton.
As a result, Fastmarkets’ weekly estimate of the price for domestic steel reinforcing bars (rebars) delivered in Northern Europe increased to €600-625 per tonne on Wednesday from €600-630 per tonne on July 23.
Weekly assessment
Fastmarkets for steel wire (quality mesh), domestic, delivered to Northern Europe also increased to €590-600 per ton on July 30, from €590-610 per ton on July 23.
The material, from local factories in Germany, was reported to be available in the range of €590-600 per ton delivered, according to the producer and trader's sources.
Polish wire rod was available in Germany at a price of €590 per ton delivered with the supplier reporting difficulties to push this price among buyers.
Another producer source noted that the wire rod market in Northern Europe was driven by the arrival of previously booked volumes of imports at home, which explains the gap between local rebar and wire rod prices according to them.
Vlada Novokreshchenova
Fastmarkets.com