14
Jun
12:32
Spanish rebar seen bottoming as rumours lift market
The Spanish rebar market appears to have bottomed out after two price adjustments seen during the last week. The level went down by some €80/tonne ($83.5/t), mainly influenced by recent international movements. However, the situation could be short-lived amid rumours suggesting prices could rise in the next few days, sources tell Kallanish.
“We have strong demand after the recent price reduction,” a market participant comments. “However, th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous