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20 Feb

US rebar remains rangebound in quiet period

US rebar prices again are flat week-on-week, awaiting reaction to lower scrap pricing and a very quiet import market, Kallanish hears from market participants. The price range for US domestic #4 rebar in 20-foot sticks is unchanged for the seventh consecutive week at $855-875/short ton. “There is no real catalyst to drive demand," reports a southeastern fabricator, who observes that consumption is "lacklustre" and "there are ample suppl…
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