In Poland, domestic prices decreased slightly due to low demand and oversupply. However, rebar prices in Poland increased by EUR 2 to EUR 625 in the week to August 5, according to SteelRadar data. With the exception of the cutting and bending sector, overall demand continued to remain low. "Demand in Northern Europe is currently moderate, but prices are decreasing due to oversupply," a distributor noted. Producers, on the other hand, reported that they did not expect any major changes in August.
In Italy, rebar prices decreased by EUR 15 to EUR 590 in the week to August 5. Sources noted that reduced demand and market conditions affected the rebar market. In contrast, rebar prices in Spain increased by EUR 10 to EUR 600. The increase in Spain was attributed to the intensity of construction projects and an increase in demand.
The European rebar market was characterized by a sluggish August and regional price variations. Sources indicated that similar trends are likely to continue in the European rebar market in the coming weeks.
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