US reinforcing bar market flat for two months

Domestic and imported steel reinforcing bar prices in the United States were sideways on Wednesday October 13, and market participants expect it to stay that way for a few more weeks at least.

Fastmarkets’ assessment for steel reinforcing bar (rebar), fob mill US was $49.25 per hundredweight ($985 per short ton) on Wednesday October 13, unchanged since August 11 but up by 65.55% from $29.75 per cwt at the same time last year. US market Several market participants noted that lead times seem to be improving with peak rebar season winding down, but the general sentiment is that demand is still strong enough to prevent the price from decreasing. “No changes...

Published

Abby Verret

October 13, 2021

21:56 GMT

Seattle