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12 Sep

US rebar enters seasonal slowdown, prices flatten

Demand for domestically produced rebar in the US is dwindling through mid-September, due to a seasonal slowdown in purchases by the nation's construction industries. "New orders are slowing down, but that is, historically, how the market tends to move around this time of year," a northeastern rebar distributor tells Kallanish. "Everyone in the industry is keeping an eye on the US Steel deal and possible [United Auto Workers] strike." …
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