European rebar market remains uncertain

After April 8th, the European rebar market was stagnant in the week to April 15th, with a decrease in some countries, while it remained stable in a few countries.

According to SteelRadar data, Poland's rebar market, which last traded down by EUR 7 to EUR 628 in early April, fell by another EUR 3 to EUR 625 in the week to April 15. Sources noted that no major deals have been heard in the Polish market, while rebar trade is likely to accelerate with the increasing number of housing units. The situation is no different in Germany, another country that has maintained its downtrend, where prices have been hovering around EUR640 for a long time, but the rebar market witnessed a slight drop of EUR 2 on April 15 and is currently trading at EUR 638.Germany's steel demand will not gain significant momentum before 2025 and will lag behind the economic recovery of other regions, the national steel federation WV Stahl mentioned.

Southern Europe rebar market stagnating

According to SteelRadar data, Spain's rebar market, which last fell to EUR 605 in early March, continued to trade at the same price in the week to April 15. In Italy, the rebar market did not follow a different course, trading at a steady price of EUR 570 in the week to April 8, but remained in the same price range in the week to April 15.