US rebar market unlikely to be impacted by soft-sideways scrap trend

Thursday, 09 May 2024 22:45:03 (GMT+3)   |   San Diego
       

With strong demand and enough capacity to fulfill their needs, US domestic rebar mills are expected to keep prices steady amid a soft-sideways trend in the scrap market this month. While some deals might be available to larger buyers, spot prices are expected to remain steady overall in the near-term.

As such, US domestic rebar spot prices are still trending at around $42.50-$43.50 cwt. ($937-$959/mt or $850-$870/nt) ex-mill, and prices on the East coast are still at $42.00-$43.00 cwt. ($926-$948/mt or $840-$860/nt) ex-mill.


Tags: US North America 

Similar articles

US cold finished bar exports down 16.4 percent in September from August

22 Nov | Steel News

US standard pipe imports down 16.2 percent in September from August

22 Nov | Steel News

US issues preliminary AD review results on wire rod from Mexico

22 Nov | Steel News

US initiates circumvention inquiry on circular welded pipe from China

22 Nov | Steel News

US OCTG exports down 10.9 percent in September from August

22 Nov | Steel News

US line pipe imports down 7.7 percent in September from August

22 Nov | Steel News

US scrap markets seen sideways for December following recent strong November settles

22 Nov | Scrap & Raw Materials

US import long steel markets creep higher ahead of expected slow US Thanksgiving holiday week

21 Nov | Longs and Billet

US domestic rebar pricing up slightly while wire rod remains steady on week 

21 Nov | Longs and Billet

US may raise dumping margin for HRC from Nippon Steel

21 Nov | Steel News