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28Oct93 UK: REBAR PRICE RISES LIKELY, SAYS MAKERS.

Reinforcing bar makers are warning contractors to prepare for more price rises.Steel mills Co-steel Sheerness and Allied Steel and Wire forecast rises in the cost of scrap steel - the raw material for rebar - will feed through by January.The scale of the increase depends on movements in world scrap prices during the next two months.Already this month scrap prices have risen by up to £10 a tonne, and in November a further £3-6 rise is expected.The price rise warning adds to ...

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