Producers cut output in Northern European steel long market amid increasing input costs, weak demand

Producers in the Northern European longs market have either cut or intend to cut production amid persistent near-zero demand, pessimistic sentiment and increasing feedstock costs, sources told Fastmarkets during the week to Wednesday September 13.

Fastmarkets’ weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe was €580-600 ($623-644) per tonne on Wednesday, narrowing downward by €5 per tonne from €580-605 per tonne...


India-Inés Levy

September 14, 2023

12:05 GMT