18
Dec
17:19
US mills consider small rebar hike
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US rebar producers may soon try to increase base prices, but early discussions do not appear to be promising, market sources tell Kallanish.
Kallanish currently puts #4 product in 20-foot sticks at $570-590/short ton – a level it has occupied for several weeks.
Several mills have approached their customers about possible increases in January, but the alleged starting point is just $10/st, says one buyer.
“There apparently is more pressure on scrap…
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Dan Hilliard
USA
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Anonymous
Very good overview of the weekly steel market.
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