Home / Metal News / Steel & Iron Ore / Rebar prices remain under seasonality impact in near term 
Rebar prices remain under seasonality impact in near term 
Jun 28,2020 14:31CST
smm insight
The continuous rainy weather in the short term will continue to cap any upsides of spot rebar prices, on the backdrop of high inventories and supplies. SMM expects near-term rebar prices to hover in a narrow range, before a decline in the number of rainy days facilitates the release of pent-up demand soon and adds to upward momentum in spot rebar prices. 
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