US rebar producers are opting not to push for higher base prices despite rising scrap costs, Kallanish hears from market sources.
Kallanish held its rebar assessment Tuesday at $590-610/short ton. All prices are ex-works, domestic mill.
Both sheet and plate producers have recently announced increases of $40/st, though only the sheet increase has so far resulted in transactional gains.
“There’s definitely no talk of (rebar) increases,” say…
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