21
May
22:06
US rebar pricing slips again on sluggish demand
US domestic rebar prices are lower week-on-week, under pressure from a skittish US scrap market, softer construction demand and ample supply, Kallanish hears from market participants.
Pricing for US domestic #4 rebar in 20-foot sticks has declined to a new range of $790-$810/short ton, from $800-$820/st last week.
Fundamentals in the US scrap market are not yet strong enough to support a possible price rise during June trading. Consequently, market participants e…
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Anonymous
Very good overview of the weekly steel market.
Anonymous