Kallanish articles are only available for active subscribers and clients currently on trial. If you already have login details, please login below to continue.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind. Heavy Duty Rebar Cutter
Very good overview of the weekly steel market.
Updates during the day from our global editorial team.
Updates during the day from our global editorial team.
Construction companies in Germany are facing falling orders, a suspension of ongoing activities, and planned project stoppages.
According to a poll published by construction association Bauindustrie, 30-40% of member companies report effective suspensions, and as much as 70% report delays in ongoing projects. The association attributes this to construction material shortages and price increases that have been aggravated by the Ukraine war.
Kallanish hears the same view from rebar benders. “Project customers are shying away from long-term planning. Many projects will be completed around September/October, and then there will be a drop, for lack of new projects,” one rebar bender manager says.
The same echoes from Austria, where one manager is sure that autumn will bring a decline in construction activities. “Many planned projects were cancelled, and some big projects have been frozen,” he says. He adds that the erratic increases in prices prevent normal financing in line with the country’s regulation for loans.
The Austrian level for rebar is actually still far below that in Germany, where base prices in April went up by a respectable €300/tonne in some cases, after the magic mark of €1,000/t ($1,072) was reached in March. Many offers and transactions will now occur at above a base price of €1,200/t.
Get daily steel news redirect to your inbox each day, along with prices.
© Kallanish 2023. All rights reserved.
Arc Bending Machine © Kallanish 2023. All rights reserved.