07
May
17:55
Slow sales cycle exerts downward pressure on rebar
A late spring increase in sales could not prevent an erosion of domestic rebar prices, Kallanish reports. Sources say a slow sales cycle to start 2019 has held prices in check and is now applying downward pressure on domestic rebar.
“Change is afoot. The level of business has been significantly below average for months. We are finally seeing reasonable sales volumes in the past two weeks. Nothing exciting. Prices are absolutely falling by $20-30/short ton …
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Anonymous
Very good overview of the weekly steel market.
Anonymous