German deformed steel bar market continues on downward trend

It is reported that the German deformed steel bar market has stayed in downward trend recently.

It's learned that the quotes of deformed steel bars with diameter of 12mm have fallen to EUR 550 per tonne from EUR 580 to EUR 590 per tonne in three weeks ago in German market. The actual transaction prices were at EUR 540 per tonne.

However, buyers preferred to purchase in accordance with their requirements instead of placing huge amounts of orders as the scrap prices continued falling in October 2012.

Thus, it's predicted that German deformed steel bar market would remain weak in the short term.

Source - www.yieh.com)

Steel distributor Tibnor inks a group wide agreement with Peab

The Nordic steel distributor Tibnor and the Nordic construction and civil engineering company Peab has signed a group wide agreement of reinforcing and long products deliveries in Sweden, Norway and Finland.

The deepened collaboration begins during the end of 2012 and is a complete solution including material and value add services within logistics, production and administration.

Mr Mikael Nyquist CEO of Tibnor said that "We are very pleased that Peab selected Tibnor as the complete solution provider for reinforcing and long products deliveries. It is evidence that we have a joint view on long-term development projects and partnerships. The group-wide agreement will be a significant volume for our production and logistic system in the Nordics."

Source - SSAB