14
May
19:12
Soft market, low demand weigh down rebar
Six months of sustained pricing have given way as domestic rebar prices have fallen, Kallanish reports.
“The worm has turned. Our sales volume is starting to jump, but overall we’ve been slow this year and that has put downward pressure on prices to get things moving. I think it also reflects downward movement in scrap. That’s why the early hike couldn’t gain traction. I know that prices on big deals are getting negotiated,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous