The US and imported rebar markets remained steady this week, with rebar ex-works Midwest at $890-910/short ton and import ddp Houston at $840-870/st.
The market remains pressured by weak demand and low import offers, with no demand boosters like the Infrastructure Investments and Jobs Act.
Domestic steelmakers may be lowering offers to compete with import offers, reflecting the global market's decline.
The Turkish market was muted as domestic demand subdued and market participants await a smaller-than-expected interest rate hike.
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