US rebar market still facing challenges
Oct 02, 2012 | 01:01 PM
| Sean Davidson
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.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.