rebar prices

Prices will increase for all types of long rolled products, including rebar, beam and wire rod

Consumer buying activity is not sufficient to support prices

There is a seasonal lull in the market amid of a decrease in buyer activity

Factories are resorting to raising target levels for the second time in the last month

This step is due to high production costs and the need to restore margins

The preponderance of supply over demand restrains trade

The company took this step amid of reduced inventory levels in the supply chain in the market

The demand outlook for most markets remains negative

Weak steel demand combined with falling commodity prices weigh on the market

Prices were supported by the increase in production costs, in particular due to the increase in the cost of scrap and iron ore

The Spanish Celsa raised prices in Europe for all its products by €30/t

At the same time, the production of these products may fall due to seasonal factors