10
Oct
21:52
US rebar pricing holds, market sentiment turns gloomier
Spot pricing for domestic rebar sold in the US is holding flat through the beginning of October, but the sentiment expressed by market participants continues to sour. Key concerns include a weakening scrap market, the ongoing United Auto Workers labour strikes, and reduced seasonal demand for steel from the nation's construction industry.
A Northeastern rebar distributor tells Kallanish that "nothing, in terms of demand, has fundamentally change…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous