US rebar price flat despite scrap slip, import gain

US rebar prices remain steady despite lower import offers and declining ferrous scrap prices, market participants said.

Fastmarkets assessed the price for steel reinforcing bar (rebar), fob mill US at $31-32 per cwt ($620-640 per ton) Wednesday February 5, unchanged from the prior assessment in mid-January.
The assessment for steel reinforcing bar, import, ddp Houston, slipped to $590-600 per ton ($29.50-30 per cwt), down from $600-610 per ton previously.

Domestic prices might adjust downward in response to lower scrap costs as well as higher import volumes and more competitive import offers,...

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