Day: September 22, 2020

Rising scrap costs support European rebar prices

Modest, scrap-based price rises were implemented by rebar producers in Western European countries, this month. Consumption by the construction industry remains relatively healthy. Nevertheless, a lack of large-volume transactions is…

Stock shortages developing in the European steel market

European steel market participants implemented inventory reduction plans during the recent coronavirus pandemic. Many distributors were selling old stock to improve cash flow. Manufacturers were also reducing existing inventories during…

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