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World News
West European rebar prices stable
After rising 5-10 EUR/ton in this week, the prices of rebar North-Western Europe this week remained stable due to the manufacturer still tough to sell.
In the West Germany and Benelux, rebar prices are trading at 520-535 EUR/ton, including transfer, while the offer two week ago from the previous production cost more than about 10-34 EUR/ton due to the expensive cost of scrap and its time for manufacturers to improve to profits.

"Price increases not only more expensive, but for scrap manufacturers to risen prices to offset the previous losses by accepting low prices." a trader said.

There large customers have returned to the market and now they have include enough steel until January 2013, while some steel stock are kept low survival and only buy enough to be used. The German manufacturer key is contract and have nearly enough sales to December 2012. In December manufacturer will take 2-3 weeks to enjoin X-Mas.

The basic factors is not too bad, a number of important project such as new airport in Berlin is about to be deployed.

In France, the market is relatively well due to the large number of buyer
and has returned to the market and currently exists sufficient reserves for 1.5-2 months. Prices currently stand at 530 EUR / ton, including transfer charges.

The market participants predict that prices will remain stable until May 12, but a number of other concerned international market scrap steel prices will impact in Europe due to import activities in Turkey began to slow back.

Source: Satthep

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