US rebar prices steady at 13-year high

Domestic steel reinforcing bar prices in the United States were flat week on week at a 13-year high, with many market participants expecting another increase before yearend.

Fastmarkets’ price assessment for steel reinforcing bar (rebar), fob mill US was $50.50 per hundredweight ($1,010 per short ton) on Wednesday November 24, its highest point since the assessment hit an all-time peak of $52.80 per cwt in July 2008. US market While market activity has been slow due to regular seasonal slumps, demand remained robust enough to support...

Published

Abby Verret

November 24, 2021

21:41 GMT

Seattle