11
Jun
19:41
Falling scrap prices make US rebar buyers cautious
There are rumblings that domestic rebar prices, which dropped in April, may see further slippage, Kallanish reports. As scrap prices continue to fall, some sources foresee downward pressure on US rebar.
“With scrap dropping $30/short ton last week, everyone has been in a holding pattern on buying futures,” says a Midwest source. “I would not be surprised to see rebar getting pushed into the neighbourhood of $660/st, maybe even this month.&…
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Anonymous
Very good overview of the weekly steel market.
Anonymous