24
Nov
11:15
German rebar prices seen sitting still till year-end
German buyers of rebar do not expect much movement in prices before the end of the year. They are bowing somewhat to mills’ demands for higher prices but transactions are rare and small.
By mid-October, base prices had sunk to some €320/tonne ($349), translating to €585/t delivered, or even less. Then distributors went on a buying spree, filling their stocks, and mills were encouraged to raise offers. Their target of €370/t base – or &eu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous