Prices for German rebar continue to rise
German rebar factories raised prices again in April, which was apparently accepted by the market, Kallanish notes.
Attempts to raise base prices in recent months have had limited success, with a target of 400 euros per tonne ($455). it was reached only in March. Currently, this figure has been exceeded, probably due to the prolonged shutdown of the liquid phase at the Riva Hennigsdorf plant.
At the end of December, the plant near Berlin stopped steel production and introduced a reduced working day for its staff. Production did not resume at the end of March as originally planned, and the suspension continued until further notice.
Currently, the base price for buyers is 420 euros per ton. If we add a fixed price of 265 euros, the delivery price will be 685 euros per ton.
"Without Henningsdorf, two other manufacturers were able to set higher prices, and I believe prices will continue to rise," one of the managers tells Kallanish. Paradoxically, the German division of Riva can also stop this trend as soon as it decides to return to an improved market and resume production, the manager adds.