European rebar prices kept its uptrend this week due to increase on imported rebar and scrap price, along with climbing situation of Turkey rebar export offer for recent weeks.
Italy and Spain in southern Europe offered at €340/ton FOB and Greece also at €340~340/ton, while domestic delivery price in U.K. increased to ￡330/ton (USD489/ton).
The similar situation happens to eastern Europe too. But, the market in Europe remains quiet and still yet to recover. Source: Yieh.com