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36.60 USD USD USD
5.09 CNY CNY CNY
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0.13 CNY CNY/EUR CNY/EUR
37.05 TRY Interest Interest
70.45 USD Fossil Oil Fossil Oil
33.88 USD Silver Silver
4.94 USD Copper Copper
104.46 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,518.13 TRY Gold (gr) Gold (gr)

Weak demand for rebar continues in France

The French rebar market remains quiet due to low sales and low shipments.

Weak demand for rebar continues in France

Prices decreased by around €20/ton ($22) on a monthly basis and are expected to continue to decrease due to weak demand.

The sentiment in the construction sector remains subdued due to a negative outlook for Q3 and the long holidays planned for August. Rebar orders are only realised back-to-back and visibility is decreasing due to the lack of financing for new construction projects.

If prices decrease, given the cost of scrap, energy and other raw materials, some factories in Europe will have to stop production or risk producing and selling at a loss.

In France, activity in the construction sector continues to be hampered by low demand for private residential buildings and high interest rates. No fiscal stimulus is planned by the authorities to revitalise the sector. Buyers' inventories continue to be reported at low levels.

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