Key Highlights
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German construction demand strengthened in July, but was tepid in August due to summer lull, however steel rebar demand in September is expected to rebound.
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In China, major steel rebar producers like Yonggang, Shagang and Zhongtian Steel kept their prices steady.
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In late August, steel rebar prices in China remained stable but the overall market momentum was fueled by pre-festive stocking and resilient consumer spending.
Two steel rebar mills in Germany and Austria recently announced from the supply side an increase to their size extras that are the fixed component, along with a market-based base price. In China, the impact from maintenance on construction steel increased, as some blast furnace steel mills had implemented rotational shutdowns on their rebar rolling lines due to production restrictions for the military parade. The impact from maintenance on construction steel came to *.**** million...
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