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09 May

US rebar market remains uncertain in early May

The US rebar market continues to remain quiet this week, with little sign of any upward movement in the foreseeable future amid murky market conditions and a weakening economy. Factors currently hampering the US rebar market include declining scrap prices, rising interest rates, higher overall material costs for projects, and the skilled-labour shortage being faced by the nation’s construction industry. A Northeastern distributor tells Kallanish: &ldqu…
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