***SPOTLIGHT: Bad economy, lack of investment keeps EU rebar market depressed

London 04 February 2010 11:29

The European domestic rebar market will remain depressed in 2010 unless there is an unexpected revival in government and private investment in the real estate sector and infrastructure, EU rebar traders told MB. Rebar consumption remains low in Europe due to the sharp decline in investment and the collapse in the economy. “The economy in Portugal is depressed,” said a trader. “The government is still discussing the budget for the year. Due to the deficit in the budget several public works have been cancelled due to the lack of money. The economy is really bad, which is keeping infrastructure and real estate investments low.” Activity in the European market is low, with rebar stockists and fabricators liquidating...

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***SPOTLIGHT: Bad economy, lack of investment keeps EU rebar market depressed

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