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30 May

US rebar market appears cautious, spot prices hold

Participants in the US domestic rebar market appear trepidatious heading into June, after rebar spot pricing slipped by $10/short ton in the last week. The latest development comes after a period of stability throughout late April and into early May, at a time when many speculators held on to the hope that scrap pricing would recover in the near future. A Northeastern distributor tells Kallanish: "Nothing has fundamentally changed [in terms of pricing] this…
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