US rebar prices close in on $40/cwt

Reinforcing bar steel prices in the United States continue to rise following recent price increases by domestic mills.

Fastmarkets assessed the price of steel reinforcing bar (rebar), fob mill US at $39.75 per hundredweight ($795 per short ton) on Wednesday January 20, up 26.2% from $31.50 per cwt one year ago.
US market
Overall market dynamics remain unchanged week over week, sources said, with strong demand and limited availability of material amid rising prices.

“We are seeing...

Published

Patrick Fitzgerald

January 22, 2021

02:49 GMT

New York