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24 Oct

US rebar prices begin to strengthen

Spot pricing in US rebar markets are firming up slightly over this past week, increasing by $10/short ton. However, domestic prices were unable to break past the $900/st threshold, which has provided a buoying point for pricing over the past few months. A northeastern rebar distributor attributes this spot price increase to "buyers putting in their orders for the end of this year." One buyer in the midwestern US tells Kallanish that "[reb…
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