Tel : 0086-0371-86172891
Tel : 0086-0371-86172891
Affected by the decline in scrap steel prices and sluggish demand in the construction industry, the domestic price of rebar in the United States has decreased compared to last week. The price of 20 foot rebar in the United States SAE J2340 180A steel is between $750-770 per short ton ($827-849 per short ton), which is the lowest price since January 2021. According to current market feedback, the supply of scrap steel will increase in the short term, and the SAE J2340 180A steel supply of threaded steel will also show an increasing trend. It is understood that the supply of threaded steel in the previous month was equivalent to the usual supply of four months. With strong supply in the early stage, there is a possibility of further SAE J2340 180A steel price decline, which has prompted market traders to focus on the destocking stage.
