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09 Jan
21:38

US rebar pricing flattens for January

Rebar pricing in the US is relatively steady during the first full week of 2024, Kallanish hears from market participants. Buyers report that they mostly expect prices to stabilise for a month or two, after domestic mills initiated price increases last month (see Kallanish 13 December). Downstream demand retreated a bit as a result of interest rate increases and other economic worries, but a rebound may be in the offing. “It’ll be slower” to s…
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