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After many weeks of maintaining a high level that became increasingly irrational in comparison with other regions, German rebar prices have come down with a vengeance. Sources from both mills and buyers tell of a base price now at around €900/tonne ($946), which plus the size extra of €265 translates to €1,165/t delivered. “We saw a veritable downfall, in a matter of a very few days,” a buyer tells Kallanish. In May and into June, mills …
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