Rebar prices face pressure: CMC chief
Mar 27, 2014 | 05:00 PM
| Stacy Irish
NEW YORK Commercial Metals Co.s (CMCs) domestic reinforcing bar prices came under pressure in its fiscal second quarter, due in part to an influx of Turkish imports, its top executive said.
Domestic rebar pricing is under constant pressure as a result of large imports from Turkey, which has increased their market share to double digits compared to single digits in previous quarters, chairman, president and chief executive officer Joseph Alvarado said during an earnings conference call March 27, noting that Turkey shipped more than 400,000 tonnes of rebar to the United States in 2013.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.