02
May
22:02
US rebar prices hold, but market optimism wanes
Participants in the US rebar market are keeping a keen eye on domestic scrap prices as trading has begun for May.
Some speculate that a change in scrap prices will likely impact rebar spot pricing in the short term. Spot pricing for rebar in the US began to slip in mid-April, falling by $30/short ton, after scrap prices fell during that month’s trading.
Pricing for obsolete-grade scrap is projected to fall by $30-70/gross ton in the US during May, with som…
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Anonymous
Very good overview of the weekly steel market.
Anonymous