Both US and imported reinforcing bar (rebar) prices dipped slightly this week.
The Argus rebar ex-works Midwest was assessed at $1,080-1,130/short ton (st), compared to $1,120-1,130/st last week. Rebar ddp import Houston was assessed at $1,060/st, compared to $1,060-1,080/st last week.
Shipments remain strong and domestic mills are maintaining full rolling schedules, so domestic producers faced little incentive to lower prices, despite what is expected to be a lower scrap trade in June, one market participant said.
Import prices continued to slide, but still did not encourage large buying volumes. argusmedia.com
Copyright © 2013 Ferro-Alloys.Com. All Rights Reserved. Without permission, any unit and individual shall not copy or reprint!
- [Editor:kangmingfei]
Tell Us What You Think