Rebar price hikes hold despite uncertainty
Dec 05, 2012 | 03:15 PM
| Michael Cowden
CHICAGO Announced price hikes for concrete reinforcing bar and merchant angles, channels and flats have largely stuck as mills have held the line on tags, even as political uncertainty in the United States leaves some buyers jittery.
While some brushed off concerns about the budget showdown in Washington as overblown, they nonetheless conceded that the political drama had stoked concerns that could see projects delayed and buyers more reluctant to place orders.
"People have to plan for the worst-case scenario. Its just human nature," one structural steel buyer said.
A construction industry source agreed that the fiscal cliff theatrics were slowing business. "Someone needs to take a few Republicans, a few Democrats, get a few beers and settle this thing so the rest of us can get on with business," he said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.