16
Apr
21:18
Rebar awaits next demand catalyst, pricing flat
US rebar prices are flat week-on-week, as buyers contend with an uncertain macroeconomic tone and steady US scrap market sentiment, Kallanish hears from market participants.
Pricing for US domestic #4 rebar in 20-foot sticks is unchanged in the range of $830-840/short ton.
It appears that uncertain economic conditions, higher interest rates and general geopolitical risks are fostering a wait-and-see attitude across the rebar market.
“The market remains sl…
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Anonymous
Very good overview of the weekly steel market.
Anonymous