Free Steel Rebar Prices Trend and Forecast New York

Published date: February 15, 2023
  • Location: New York, New York, NY, United States

During the fourth quarter, the Steel Rebar Prices remained unchanged. Market participants witnessed slow orders as construction companies completed their backlogs and less competitive foreign prices. Concerns were mounting as the market became more pessimistic as thanksgiving and Christmas approached in the United States, and most service centers had reported a decline in downstream demand. To keep up with reducing import prices, Steel rebar makers lowered the prices, which were also driven down by both a dull US demand for foreign capacity in 2023 and decreasing raw material costs. The outlook for domestic demand was cautiously positive, according to market sources, and was driven by increasing infrastructure investment. However, the festive holidays and snowstorms hampered the supply chain towards the quarter's end.


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E-Mail:- sales@chemanalyst.com
websites:- https://www.chemanalyst.com/Pricing-data/steel-rebar-1441
Contact No:- +13322586602

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