21
Nov
21:59
US rebar awaits support from scrap, regional construction
Rebar pricing in the US has gradually weakened upon the approach of winter, with some speculation of a potential rebound, while market participants assess likely construction demand levels in the new year.
Domestic rebar mills are reported to be overdue for an attempted price increase because US scrap trade is strengthening (see Kallanish 20 November).
The key factor on the demand side is the regional differential in demand levels. Overall, new US commercial con…
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Anonymous
Very good overview of the weekly steel market.
Anonymous