14
Mar
20:38
Rebar spot prices firm up in US
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Rebar spot pricing in the US firmed up this week following a price hike imposed by several domestic mills early last week.
According to a Northeastern distributor, domestic rebar's pricing is up by $10/short ton this week as the market has begun to absorb the mills' latest price hike. Nucor, Commercial Metals Company, and Gerdau raised their rebar prices by $50/st at the beginning of last week.
"[Spot] pricing is up slightly this week, but it may tak…
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Zach Johnson
USA
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Very good overview of the weekly steel market.
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