The European long products market is quiet; summer holidays are holding back trade

Domestic prices for rolled products in Europe remained stable during the week until Wednesday, August 5, amid subdued trading and seasonal production shutdowns. "Due to the fact that most market participants will leave for the summer holidays in the next two weeks, activity is expected to be very limited," a buyer source told Fastmarkets. ,

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In Italy, selling prices were at the level of 690-760 euros (795-875 dollars) per ton from the plant, although no transactions were reported in the upper part of the range. Prices for

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Prices in the warehouse were estimated at 690-730 euros per ton, and acceptable levels were also confirmed in this range. Higher indicative offers and indications for the amount of 750-760 euros per ton from the plant were also announced, but these levels were not supported by transactional activity. Weekly price assessment

Fastmarkets for rebar steel rods, domestic, with delivery to Italy, on Wednesday, August 5, amounted to 690-730 euros per ton, unchanged from a week earlier. Weekly price assessment

Fastmarkets for rebar steel rods, domestic, with delivery to Spain, did not change and amounted to 750 euros per ton. A ton on the same day.

At the same time, Fastmarkets' weekly price estimate for rebar steel products supplied to the domestic market in Northern Europe also remained unchanged and amounted to 710-730 euros per ton on August 5. Prices for rolled wire

They reflected the overall stability observed in the European long products market during the evaluation week.

In Southern Europe, prices for wire rod of mesh quality available for sale were estimated at 660-680 euros per ton delivered. Weekly price assessment and

Fastmarkets prices for steel rod (mesh quality) supplied to the domestic market in Southern Europe remained unchanged as of August 5 and amounted to 660-680 euros per ton.

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In Northern Europe, prices for wire rod of mesh quality sold on the domestic market amounted to 705-715 euros per ton. Weekly price assessment

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According to Fastmarkets, the price of steel wire rod (mesh quality) supplied to the domestic market in Northern Europe did not change on the same day and amounted to 705-715 euros per ton.

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, Author: Niya Radenkova,

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