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15 Oct

Import pressure confronts US rebar stability

Import pressure appears to be tugging down US rebar prices, Kallanish reports. Kallanish lowered its assessment on Tuesday to $590-610/short ton for #4 rebar in 20-foot sticks. All prices are ex-works, domestic mill. The increased import pressure appears to be coming from Italy, which is attempting to fill the void left by Turkish suppliers after the latter’s tariffs were doubled to 50% by the Trump administration as a result of Turkey’s military …
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