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25 Jun
21:26

US rebar prices hold steady on-week

US domestic rebar prices are flat week-on-week, as they contend with apprehensive market sentiment in search of a fresh demand catalyst, Kallanish hears from market participants. Pricing for US domestic #4 rebar in 20-foot sticks is unchanged, still in a range of $760-$780/short ton. This leaves prices down 11% year-to-date. The scrap market direction for July trade is tilted negative, according to market sources. This comes on talk that mills are expected to pr…
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