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28 Mar

Rebar spot prices in US firm up

Domestic rebar spot pricing in the US tightened up this past week by $20/short ton, as construction activity begins to heat up for the spring. This latest increase in spot pricing follows a $50/st price hike by Nucor, Commercial Metals Company, and Gerdau earlier this month. A Northeastern distributor tells Kallanish that another price hike by domestic mills is likely to come in April. "Demand [for rebar] from the construction sector is strong head…
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