04
Jun
22:03
US rebar pricing weakens, sources blame borrowing costs
Pricing for domestically produced rebar in the US has slipped this week while persistently high interest rates crimp bank approvals for nonresidential construction projects, Kallanish hears from market participants.
Pricing for US domestic #4 rebar in 20-foot sticks has weakened to a new range of $790-800/short ton, from $790-810/st last week.
Market sources say the higher-for-longer interest rate environment is discouraging big construction project approvals, da…
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Anonymous
Very good overview of the weekly steel market.
Anonymous