US reinforcing bar prices stable; outlook hazy

Domestic steel reinforcing bar prices were steady at a 13-year high, with market sentiment mixed and participants divided on what the price will do next.

Fastmarkets’ price assessment for steel reinforcing bar (rebar), fob mill US was unchanged at $51.50 per hundredweight ($1,030 per short ton) on Wednesday December 8. This marks its highest level in 13 years, since the price reached an all-time peak of $52.80 per cwt in July 2008. US market While the market has not rejected the recent round of rebar mill price hikes, various factors have left sources uncertain as to whether the increases have yet been fully reflected in current prices. It...

Published

Abby Verret

December 08, 2021

23:39 GMT

Seattle