US rebar market still facing challenges

Oct 02, 2012 | 01:01 PM | Sean Davidson

Tags  Bernd Neuenkirchen, Countinho & Ferrostaal, F.D. Baysal, Seba International, Alexander Gordienko, Celsa Group, Butch Zeederberg, Tube City IMS Wilhelm Alff

MUNICH — The U.S. finished steel market faces a further slowdown due to waning demand, but still remains relatively healthy compared with other regions of the world, market participants said at an industry event.

The first quarter of 2012 proved to be the best for rebar producers, who have battled for meaningful sales since a drop-off in demand this summer, according to Bernd Neuenkirchen, vice president of long and special steels at Houston-based Coutinho & Ferrostaal Inc.

The market remains weak amid a lack of new infrastructural projects, he said this week at a traders’ meeting held during the 67th International Rebar Exporters and Producers Association (Irepas) meeting and SteelOrbis conference in Munich.Looking ahead, the completion of large infrastructure projects will likely cause finished steel demand to suffer in the United States, F.D. Baysal, president of Seba International Inc., said at the same meeting.....

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