US domestic, import rebar prices steady; upside emerging?

Prices for steel reinforcing bar in the United States continue to hold steady, but a raw materials-driven upside to the market may materialize in the near future, market participants said.

Fastmarkets’ weekly assessment for steel reinforcing bar (rebar), fob mill US remained at $39.75 per hundredweight ($795 per short ton) on February 24. US market While overall market sentiment has remained stable, a projected recovery in shredded scrap prices during March’s domestic ferrous scrap trade may lift spot prices, several sources said. “Demand is improving,” a consumer source said. “I’m hearing scrap numbers are moving up.” According to a...

Published

Patrick Fitzgerald

February 25, 2021

19:57 GMT

New York