US rebar makers firm on price despite weakening market

摘要

US rebar market is relatively stable despite falling raw materials prices, seasonally slower demand and decreased import prices. After the last-week small decrease in transaction prices, mills manage to maintain positions due to already full order books. “Domestic mills are still very busy with no floor stock and not moving prices down as of today,” a large trader told Metal Expert. As a result, rebar in the Midwest is changing hands at $716-722/t ($650- 660/short ton) EXW TW.