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07 Mar
Rebar producers in the US are raising prices by $50/short ton, as domestic scrap prices are projected to rise during this month's trading. However, this increase has yet to have an impact on rebar spot pricing. A Northeastern distributor confirms with Kallanish that Nucor, Commercial Metals Company, and Gerdau increased their rebar selling prices by $50/st this week, but maintains that rebar's spot pricing remains at around $920-940/st. "Mills a…
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