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...


Abby Verret

November 24, 2021

21:41 GMT