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17 Jan

Rebar prices hold in US, scrap pressure grows

Pricing in the US rebar market continues to hold steady this week, but conditions may change as pressure from the domestic scrap market continues to mount. A rebar distributor in the Northeastern US confirms that domestic rebar's pricing is still holding at around $950/short ton. "[Rebar] prices are still the same, but many of us buyers are expecting mills to increase their pricing due to rising pressure from the domestic scrap market," the distribu…
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