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08 Aug

Rebar spot pricing slips in the US

Spot pricing for domestic rebar in the US has weakened this week, falling by $10/short ton below last week's pricing, as Kallanish notes that the pace of construction work has begun to slow down approaching the fall season. "[The] construction season is winding down, which means that mills are looking to offload their inventories," suggests a northeastern rebar distributor. He goes on to speculate that "domestic rebar prices will eith…
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