European long steel market continue weak operation, demand keep seasonal weak and price mainly on steady basis. Although the mills have plan to repair the equipments, the market inventory is sufficient, in addition, summer is demand off-season in Europe, over-supply still exist in the market, so it’s difficult to keep the price steady.

Currently, European rebar quoted at euros 422/ton, wire price is euros 415/ton, similar with last week.

                                                XINSTEEL NEWS