Falling import offers have dragged down domestic rebar prices in the US Southeast as mills look to combat low-price alternatives, according to market sources.
Platts lowered its US Southeast rebar price assessment to $455-$470/st ex-works on Friday, down from $470-$490/st.
"I think a lot of us were hoping we were already at the bottom, unfortunately things don?t seem that way," said one distributor.
One Southern fabricator said domestic pricing has been "inching down with each arrival of the next ship."
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