Mixed Northwest European rebar prices last week, Germany and the Benelux States from the flat, France has slipped.
Germany Mills quotes at 520-530 EUR/tonne, as scrap prices have fallen and imports products offer low pressure of falling steel prices face. At present, Germany imports in eastern Poland resources quotation still at around 510 euro/ton, Germany bottom of the screw-thread steel prices in the price range in the South, Italy resources offer lower than the local steel mill a 10 euro/ton. Traders said the decline in local steel mills offer no, but since Germany 10-15 EUR/tonne of scrap steel prices in the market, customers bid lower. However, current inventory levels in a month or so, if you need cash, sold at around 530 euro/ton; not to rush delivery, the price can be negotiated. But, he said, has not heard that Germany sold less than 520 EUR/tonne of steel.
Benelux markets of the three countries still maintain a wait-and-see atmosphere. Scrap steel prices in the domestic market also fell, customer quotation of bid is less than steel plant. Mills said that currently 270-280 euro/ton screw-thread steel base prices reported last week, the Netherlands sold small deal of basic prices of 280 euros, but due to financial problems, the large volume of customer purchases plummet in the past. In addition, Spain imported resource competitiveness strong, 500-505 EUR/tonne.
France group screw-thread steel base prices reported in 270 ?/ton, 10MM rebar actual 530 euro/ton, 12mm 520 EUR/ton, but for scrap prices decreased by ? 10/ton, coupled with weak demand, Spain imports resources offer low, actual prices are low is 10 euro/ton. Sales of inventory level is equivalent to 1.5 months.
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