The Northern European rebar market continues to face challenges due to weak demand. Despite attempts to raise prices, the market remains sluggish with minimal activity. Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Northern Europe was €620-660 per tonne, up by €20 per tonne from the previous week. In Germany, prices remained unchanged at €620-640 per tonne, while in the Netherlands and Austria, prices were slightly higher at €630-660 per tonne.
The market is characterized by low demand and limited appetite for both domestic stock and imports. Tradeable prices for rebar import deals were reported at €560-580 per tonne CFR, with offers at higher levels of €590-600 per tonne CFR. Bullish scrap costs are putting additional pressure on mill margins, with international scrap prices continuing to rise. Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey was $353.17 per tonne, up from $347.28 per tonne the previous week.
Overall, the Northern European rebar market remains quiet, with little activity and a cautious outlook among buyers. The combination of weak demand and high input costs continues to challenge the market.
