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10 Oct

US rebar pricing holds, market sentiment turns gloomier

Spot pricing for domestic rebar sold in the US is holding flat through the beginning of October, but the sentiment expressed by market participants continues to sour. Key concerns include a weakening scrap market, the ongoing United Auto Workers labour strikes, and reduced seasonal demand for steel from the nation's construction industry. A Northeastern rebar distributor tells Kallanish that "nothing, in terms of demand, has fundamentally change…
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