Last week, the European mills increased the pirce of rebar which will deliver in April by 20 euros /tonne, mainly due to the European market is expected scrap prices also continue to rise in April. In this regard, there are buyers believe that although raw materials and finished steel prices expected strong, due to the current overall market demand for steel is not strong, and the scrap price negotiation is not over yet, so the price can be achieved remains to be seen, the current wait and see, do not rush purchase.

Last week, Northwest Europe rebar ex-factory price was 365-375 euros / ton, up about 5 euros / tonne, the delivery price of scrap was 165-175 euros / ton.

                                       XINSTEEL NEWS