28
Mar
21:40
Rebar spot prices in US firm up
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Domestic rebar spot pricing in the US tightened up this past week by $20/short ton, as construction activity begins to heat up for the spring. This latest increase in spot pricing follows a $50/st price hike by Nucor, Commercial Metals Company, and Gerdau earlier this month.
A Northeastern distributor tells Kallanish that another price hike by domestic mills is likely to come in April.
"Demand [for rebar] from the construction sector is strong head…
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Zach Johnson
USA
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