US domestic, import rebar prices move up heading into 2020

Prices for steel reinforcing bar in the United States ticked up following increase announcements from several domestic mills, and sources expect that uptrend will continue next year if ferrous scrap values move up as anticipated in the January 2020 trade.

Fastmarkets assessed the price for steel reinforcing bar (rebar), fob mill US at $29.50-30.50 per hundredweight ($590-610 per short ton) on Wednesday December 18, an increase of 0.8% from $29.50-30 per cwt on December 4 but still off by 15.5% from $35-36 per cwt one year ago. 
Lead times for domestic rebar ranged from four to five weeks, according to market participants.
Fastmarkets’ assessment for steel reinforcing bar (rebar), import, ddp Houston rose to $595-605 per ton on Wednesday from $570-590 per ton previously.
US overview

Earlier this month, domestic steelmakers announced $30-per-ton ($1.50-per-cwt) price increases, which sources said have been successful...

Published

Patrick Fitzgerald

December 19, 2019

22:42 GMT

New York