US domestic rebar price steady; import price rises

Reinforcing bar steel prices in the United States continue to hold firm on Wednesday November 18, but some market participants anticipate a scrap-driven price increase could be announced

Fastmarkets’ assessed steel rebar, fob mill US at $29.75 per hundredweight ($595 per short ton) on November 18, unchanged since September 16. US overview The domestic market is stable to trending up, sources said, with any potential increase announcements caused by rising raw material costs. “Rebar should follow because the pull on scrap is very strong,” a trader said. A second trader agreed that rebar prices will be...

Published

Patrick Fitzgerald

November 19, 2020

22:56 GMT

New York