Recently, the German deformed steel bar market has remained soft. At present, the steelmakers' quotes of deformed steel bar are at €580~€590/ton.
However, the actual transaction prices are at €540~€550/ton due to buyers' lower bid prices and price competition against the low-priced offers from Norway, Spain, Italy and Poland.
It's known that the German steelmakers have sought to raise the deformed steel bar prices as the scrap prices have surged by €3~€15/ton.
Nevertheless, the buyers have taken wait-and-see attitude as they predict that the price rise will not continue due to sluggish global steel market.
For the prospect, it's predicted that the German deformed steel bar market would remain flat in the following weeks.