European steel mills raised the price of rebar by €30/ton for March and April orders, due to an increase of raw material cost and the rise in global rebar price.

Although the consumption of rebar remains low in European countries mostly, steel mills have successfully hiked the price following the global market trends. The current contracted price is € 570~600/ton, up by €30/ton, comparing with the price at € 540~570/ton of last week.