28
Jul
10:38
Some German rebar benders return to speculating
As rebar prices have corrected to realistic levels over the past two months, some distributors in Germany are seen jumping the gun with lowering their offers faster than the mills.
Distributors betting on falling prices is a familiar game in Germany in relatively normal cycles, but appears questionable amid the current geopolitical and economic turmoil. In June, base prices from domestic mills were still at around €900/tonne ($918), translating to €1,165…
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Anonymous
Very good overview of the weekly steel market.
Anonymous