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14 May

US rebar prices decline, demand reported weak

US rebar prices are lower week-on-week, with lacklustre demand, ample supply and slow trade activity, Kallanish hears from market participants. Pricing for US domestic #4 rebar in 20-foot sticks declined to a new range of $800-$820/short ton, from $830-840/st last week. Early reports in the scrap market trade for May trading point to soft to sideways price movement. Prime grades remained unchanged in both the Midwest and Southeast, while cut grades decreased by $…
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