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21 Mar

US rebar prices hold this week

Rebar's spot pricing in the US remains flat this week after increasing by $10/short during the previous week in response to an earlier price hike by Nucor, Commercial Metals Company, and Gerdau of $50/st. A Northeastern distributor says that "rebar [spot] prices are the same as last week." However, he predicts that "pricing may increase again soon" as domestic scrap prices continue to rise. According to the distributor, demand for rebar fr…
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