US domestic rebar prices close in on $38/cwt

Steel reinforcing bar spot prices in the United States continue their scrap-driven ascent, according to market participants.

Fastmarkets assessed the price of steel reinforcing bar (rebar), fob mill US, at $37.75 per hundredweight ($755 per short ton) on Wednesday January 6, up by 2% from the previous assessment of $37 per cwt. Domestic rebar prices are closing in on $38 per cwt, a level which has not been seen since early May 2012. US market With Detroit entering January’s ferrous scrap trade at prices up by...

Published

Patrick Fitzgerald

January 07, 2021

21:09 GMT

New York