02
Oct
17:49
Imports add to pressure on US rebar
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A new wave of imports could add to the raw material pressure affecting domestic rebar, Kallanish learns from market sources.
On-going decreases in scrap are testing domestic rebar’s current level of $600-620/short ton for #4 product in 20-foot sticks.
While rebar has been more resilient than other products – notably flats – due to relatively robust construction demand, pressure seems to be mounting on multiple ronts.
“Nothing new to…
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Dan Hilliard
USA
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Anonymous
Very good overview of the weekly steel market.
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