The French construction sector has been affected by the slow economy, with private residential building permits down significantly in the first quarter compared to the same period last year. Distributors reported a good month in March with low volume but frequent orders.
Distributors reported a productive month in March with low volumes but heavy orders.
Rebar inventories remain high.
Construction companies report that construction sites will continue to operate until June and July but complain about the lack of new orders. April was a slow month in France due to the Easter holidays and demand is not expected to pick up in May due to public holidays.
French local rebar prices were unchanged. According to sources, prices are around €730-750/ton ($803-825/t) depending on volumes and customers.
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