European long products prices remain stable due to seasonal restocking ahead of summer shutdowns.

Domestic prices for rolled products in Europe remained stable during the week to Wednesday, July 29, with market participants reporting increased buying activity ahead of the August closures, when many manufacturers are expected to shut down production for two to three weeks. At the same time, factories continued to raise prices, fueled by inventory replenishment activity, which one market participant called "buying hamsters." "Demand is good these days; buyers, as usual, remember at the last moment that manufacturers are closing for two to three weeks, so they are restocking," a source in the trading company told Fastmarkets. ,

In Italy, sales prices were reported to be 690-750 euros ($787-855) per ton from the plant, although no transactions were reported at the top of the range. Prices for

Prices from the factory were estimated at 690-730 euros per ton, while the offers and specifications were also indicated within this range. Higher indicative offers of 750 euros per tonne from the plant were also reported, but no deals at that level were reported, although factories continued to raise prices ahead of the summer closure. Weekly price assessment

Fastmarkets prices for rebar steel rods, domestic, with delivery to Italy, remained stable at 690-730 euros per ton on Wednesday, July 29, unchanged from the previous week. Weekly price assessment

Fastmarkets for rebar steel rods, domestic, with delivery to Spain, remained unchanged at €750 dollars per ton. Weekly price assessment

Fastmarkets prices for rebar steel products supplied to the domestic market in Northern Europe remained unchanged at 710-730 euros per ton as of July 29. Prices for rolled wire

In general, they reflected the stability observed in the European long products market during the evaluation week.

In Southern Europe, there are affordable price levels for rolled mesh- high-quality wire rod was reported at a price of 660-680 euros per ton delivered. Weekly price assessment

Fastmarkets prices for steel wire rod (mesh quality), domestic, supplied to Southern Europe, remained at 660-680 euros per ton on Monday. July 29.

In Northern Europe, prices for wire rod of mesh quality were reported to be 705-715 euros per tonne delivered. Weekly price analysis

Fastmarkets

Author: NIA Radenkova