<span>Recently, the rebar prices have stayed in upward trend in the US market driven by continuously rising scrap prices.<br> At the same time, the spot rebar prices have been climbing due to strong demand and limited production.<br> At present, the spot rebar prices are at US$770~US$795/ton in the US market.<br> Industry sources said that the steel mills may raise the rebar prices by around US$22/ton for October delivery.<br> However, as the scrap prices have been seen to run the correction in September, the price hike of rebar may be unfavorable to buyers.<br> </span><span>(Source: </span><span><a target="new" href="http://www.yieh.com/"><span><font size="3" face="Times New Roman">www.yieh.com</font></span></a><span>)</span></span>