Rebar prices in Europe have continued to decrease amid the weak demand prevailing in the sector and the war in the Middle East, stabilizing in some countries.
According to SteelRadar data, the Spanish rebar [12-32 mm] market, which last dropped in early March, has been trading at EUR 605 for a long time, but in the new week, due to the prevailing market conditions, prices dropped significantly by EUR 22 to EUR 583. Sources reported a general downturn in Southern European steel products, while Italian rebar [12-32 mm] prices remained stable.
Rebar prices, which fell by EUR 5 to EUR 570 in early April, were trading at the same price in the week to April 22, SteelRadar data showed.
Northern Europe rebar market continues to weaken
Poland's rebar market continued to trade steady at EUR 625/EXW in the new week after falling by EUR 3 last week, according to SteelRadar data. Sources said that the stagnation in the market was due to local economic problems, making imports competitive.
In Germany, however, a significant decrease was observed: rebar prices, which had been stable at EUR 640 for a long time, fell by EUR 2 last week and started the week to April 22 with a EUR 13 decline to EUR 625.
According to sources, activity in Northern Europe may be suspended in order to prevent further drops in rebar prices, while a recovery in the market is expected to take place only in late May and mid-June.
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