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20 Dec

German rebar pricing shows split signals

Although demand has recently encouraged most German rebar mills to ask for higher prices, some say this may be a temporary flexing of muscles that should subside going forward. Since many transactions were closed below a base price of €550/tonne ($585) by early December, mills have their order books sufficiently filled and are now asking for €30-40/t hikes, observers tell Kallanish. This should raise the upper end of the offer range to €580/t base, …
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