23
Jul
21:16
Weak fundamentals pressure US rebar prices
US domestic rebar prices are lower on-week, weighed down by an uncertain US scrap market, lacklustre business activity and building supplies, Kallanish hears from market participants.
Pricing for US domestic #4 rebar in 20-foot sticks has declined to a new range of $750-770/short ton, from $760-780/st last week. This marks the lowest level since January 2021.
While some market participants expect prices to finally strengthen due to slow inflow of scrap into yards…
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Anonymous
Very good overview of the weekly steel market.
Anonymous