Last week, the European rebar market prices remained downward trend.
Steel prices still fluctuated according to the procurement quantity and different clients. Market participants are concerned about when the scrap prices stop dropping and keep stable, and the current economic stimulus policies’ effect on the market.
The rebar price is roughly about US$440~470 FOB in different European countries. European construction industry is in a predicament, the terminal demand is still at low ebb. Considering the overall European market weakness will continue, buyers are still delaying in the procurement. Source: Yieh.com