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09 Jul

US rebar prices hold steady, awaiting scrap settlement

US domestic rebar prices are unchanged once again week-on-week, while market participants anxiously await the July scrap pricing outcome and fresh demand cues, Kallanish hears. Pricing for US domestic #4 rebar in 20-foot sticks is maintaining the range of $760-$780/short ton. Prices are down 11% year-to-date. Domestic scrap prices, which are expected to fully settle imminently, are being hit by the decline in hot rolled coil values and weak steel markets. They w…
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