According to SteelRadar data, rebar prices decreased in the first week of April in many European countries, but remained stable in several others.
Rebar prices in Poland traded at EUR 628 in the first week of April, down by EUR 7 from EUR 635 in the week to March 25. Rebar prices in Poland, which were stable at EUR 635 for almost the entire month of March, dropped by EUR 7 in the first week of April to trade at EUR 628, with sources predicting that more rebar will be needed in the coming days as the number of housing units increases. In Germany, another country in Northern Europe, the situation was different, with rebar prices stable at EUR 640 without any increase or decrease.
Spain was another country with stable rebar prices
Rebar prices in Spain traded at EUR 605 during March and continued to trade at the same price in April. However, in Italy in Southern Europe, rebar prices started the new week with a decrease. Rebar prices in Italy started the first week of April with a drop of EUR 5, with prices trading at EUR 570, data showed. Across Europe, no new noteworthy deals have been reported yet, while buyers are expected to extend the Easter holidays in order to get better volumes.
Sources told SteelRadar that in Europe, where the outlook has been pessimistic for some time now amid decreasing rebar consumption, demand for long product is likely to increase in the short term and prices are likely to improve.
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