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18 Jul
20:59

US rebar spot prices hold steady into mid-July

Strong buying activity from the domestic construction sector has kept spot pricing stable in US rebar markets, as long steel mills appear reluctant to issue any change in prices. This market dynamic persists despite a softening outlook for both the global and domestic scrap markets. “Buyers have mostly secured the remainder of their order volumes requested for the remainder of this summer’s construction season,” a Northeastern rebar distributor t…
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