With the approaching Christmas holiday and the typical seasonal construction slowdown, buyers are expecting US rebar prices to remain largely flat through year-end.
"Our fabrication division is staying very busy and is not wrapping up by any means, but on the distribution side it's quiet," one Southeast buyer said. Platts maintained its southeastern US rebar price assessment at $470-$500/st ex-works Tuesday.
The Southeast source said he has not received any discount offers from mills on large-volume, year-end orders, but he also has not been chasing them.
"It's been status quo," he said. "We're busy with year-end functions, but we're not expecting anything crazy between now and [the new year]."
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