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09 Aug
20:52

US rebar prices hold despite weakened scrap market

Participants in the domestic US rebar market are uncertain about prices in the short-term, as mills remain tight-lipped regarding any change in their pricing. Spot prices held flat this week at a similar level to that seen at the beginning of this month. According to a Northeastern rebar distributor, underlying demand for domestically-produced steel has been steadily growing throughout the summer as contractors try to secure orders before the end of the constructi…
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