Northern Europe rebar price yet to respond to significant scrap gains, wire rod edges up

Long steel product prices in the Northern European domestic market have yet to fully react to the significant increases in scrap prices, sources told Fastmarkets on Wednesday March 22.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe was unchanged at €710-740 ($763-795) per tonne on Wednesday.

Steel scrap prices in Germany increased by €20-30...

Published

Ross Yeo

March 22, 2023

18:00 GMT

London