Bearish sentiment inhibits trading in Southern European long steel market

Most market participants returned to Southern Europe's rebar and wire rod markets in the week to Wednesday September 6, at the end of the summer holiday slowdown, but trading remained subdued due to mixed sentiment and weak demand, sources told Fastmarkets.

But while some were bearish and forecast a short-term decline in prices, others said demand, and therefore prices, would rise steadily through September as restocking activity picks up.

Fastmarkets price...


India-Inés Levy

September 07, 2023

13:56 GMT