As of early June, the European long steel market showed mixed trends, with rebar prices in Northwest Europe holding steady at €630–640 per tonne delivered. Trading remained largely need-based, reflecting subdued activity in downstream sectors—particularly construction, which continues to struggle with high interest rates and delayed project starts.
In Spain, rebar prices edged up by around €10 to €620 per tonne delivered, while Italian prices saw a similar decline, highlighting regional divergence. Import offers for rebar were close to domestic levels, limiting their appeal.
According to Eurofer, the construction sector has been in recession since late 2022 and is only expected to see marginal growth of about 1% in both 2025 and 2026. Confidence indicators remain negative, and stimulus effects are expected to materialize slowly.
