It’s reported that the prices of steel wire products and rebar have remained weak in the European market by the coming of summer vacation.
Also, the weak scrap prices have also hindered the steel longs prices to rise.
In North Europe, the market price for rebar for June production is at €470~€485/ton, lower than €470~€490/ton in a week ago.
Meanwhile, the rebar price in South Europe is at €465~€495/ton, decreasing from €465~€480/ton in a week earlier.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64940&division=A4