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05 Dec

Year-end discounting pressures US rebar market

Rebar pricing the US has weakened this week, even while some market participants suspect that domestic mills are on the verge of announcing price increases, Kallanish learns. The price range for domestically produced #4 rebar in 20-foot sticks sold in US spot markets slipped to $820-840/short ton, from $840-860/st a week ago. Some rebar buyers report witnessing one last round of discounting, possibly to entice a flurry of procurement to close out the financial y…
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