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11 Jun

US rebar pricing declines amid imports, disappointing consumption

Pricing for domestically produced rebar in the US has dipped again this week after domestic mills lowered their offers for what is shaping up to be a weak summer in nonresidential construction, Kallanish hears from market participants. Prices for US domestic #4 rebar in 20-foot sticks have dropped to a new range of $770-790/short ton, from $790-800/st last week. Kallanish’s geographical specification for US rebar is the Midwest. Pricing has deteriorated to a…
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