Rebars prices dropping!!!

Rebar prices dropping, plate stable: The Steel Index

Thursday, 02 July 2009

The latest reference prices released by The Steel Index this week show that northern and southern European rebar prices have fallen since last week. The northern European plate price rose compared to a week ago, while the southern European plate price is essentially unchanged, as is the US plate reference price.The rebar ex-mill reference price in northern Europe is €14/tonne lower than last week’s levels, and the average lead-time is just longer at 3.8 weeks. The southern European rebar ex-mill reference price is also lower at €328/tonne ($461/t), and the average delivery time is shorter at 2.3 weeks. In southern Europe the plate ex-mill reference price is just lower than last week at €408/tonne ($574/tonne). The average delivery time is almost unchanged at 5.2 weeks. The plate ex-mill reference price in northern Europe is €14/tonne higher than last week. Average deliveries are unchanged compared to the previous week at 5 weeks.The US plate FOB Midwest mill reference price is $1/short ton lower than last week at $578/short ton ($637/tonne). The average US plate delivery time is almost a week shorter than last week at 3.7 weeks.
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