23
May
21:37
US rebar prices trend down
Domestic rebar pricing in the US has remained mostly flat through May. However, the growing negative sentiment throughout the market has caused the upper limit of the rebar spot price range to fall by an additional $10/short ton this past week.
Participants in the US rebar market had previously tried to keep optimistic, with some speculating a quick rebound in scrap prices would occur. However, this sentiment has largely been dashed as prices for other downstream…
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Anonymous
Very good overview of the weekly steel market.
Anonymous