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27 Mar

German rebar mills take run-up for price leap

Germany’s rebar mills are expected to announce price offers that are noticeably higher than the values achieved most recently, market sources tell Kallanish. Since mid-March, various deals were closed at base prices down to €440/tonne ($475), or, if adding the size extra of €265, a delivered price of slightly higher than €700. “I have bought for €440-450, and many others have done so, too,” a Ruhr-based manager says. That said…
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