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02 Jul
21:52

US rebar prices hold steady for third week

US domestic rebar prices are unchanged week-on-week as they contend with construction market uncertainty, Kallanish hears from market participants. Pricing for US domestic #4 rebar in 20-foot sticks is holding steady in a range of $760-$780/short ton. Prices are down 11% year-to-date. Some of the market’s attention turns to the upcoming scrap trade for July. Participants do not expect a recovery in scrap prices during the current month's buy circle (se…
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