Lme scrap and rebar prices decreased. 1-month scrap prices of LME decreased $5 to $460 to $455, while 2-month scrap prices decreased $6 to $438.5 from $444.5.
LME rebar experienced a sharp decreased in closing prices on 20th March, 2023. LME steel 2-month rebar prices decreased to $34.5. LME rebar closed at $730 on 20th March, 2023 with closing prices of $734.25 on 17th March, 2023.
The downward breaks in the LME, the thought that the decrease in prices may continue, made the market nervous.
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