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27 Feb

US rebar prices grind lower in quiet trade

US rebar prices are slightly lower week-on-week, with bearish sentiment toward March scrap pricing and very quiet import trade, Kallanish hears from market participants. The price range for US domestic #4 rebar in 20-foot sticks is $5/short ton lower this week at $850-870/st. It is the first time this year that the weekly assessment weakened.  “It is already slow. The large fabricators are waiting on jobs to be released, sitting on decent backlog, but …
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