US domestic, import rebar prices still stable; outlook hazy

Domestic and imported steel reinforcing bar prices in the United States were sideways on Wednesday October 20, but sources noted growing uncertainty around what the rest of the quarter may look like.

Fastmarkets’ assessment for steel reinforcing bar (rebar), fob mill US was $49.25 per hundredweight ($985 per short ton) on October 20, unchanged since August 11 at its highest since late 2008. Notably, the current 10-week steady streak also marks the longest this product’s price has been flat in 2021. US market With the traditionally slower winter season coming - but scrap prices expected to steadily increase...


Abby Verret

October 20, 2021

22:16 GMT