Fastmarkets’ assessment for steel rebar, fob mill US
was at $30-31 per hundredweight ($600-620 per short ton) on Wednesday October 2, down by 3.9% from $31-32.50 per cwt previously and the lowest level since it was assessed at $29-30 per cwt on January 3, 2018.
Fastmarkets' assessment for steel rebar, import, cfr Houston
was at $575-590 per ton on the same date, unchanged since September 4.
Domestic market dynamics
Chief among the points putting downward pressure on the US rebar market is the expectation that key input costs will erode even further, with sources...