It is reported that European wire rod and rebar prices have slipped further by EUR 10 tonnes. Dropping scrap prices and decreasing buying activity are the main reasons behind.
As per the report, current prices of rebar are being contracted at EUR 840 per tonne to EUR 860 per tonne for August 2008 shipments, when the prices were at EUR 840 per tonnes to EUR 870 per tonne last week. Wire rod prices have dropped to around EUR 830 per tonne to EUR 850 per tonne.
(Sourced from YIEH.com)
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