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27 Jul

Northwest European rebar stays soft

Rebar offers in northwest European countries will not rise from their current levels in the coming weeks, market observers believe. To mid-July, base prices came down by more than one third from the astronomically high €1,200/tonne ($1,215) that prevailed in April. The question is if this “freefall”, as one large German distributor words it, will continue. For the past couple of weeks, base prices have hardly moved, staying at between €750 an…
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