Rebar hikes start to stick as spring shows up
Mar 29, 2013 | 11:20 AM
| Samuel Frizell
NEW YORK The rebar market is showing signs of life as demand grows ahead of April construction, with vendors reporting higher volumes, increased activity and a bump in transaction prices of between $20 and $25 per ton, depending on the buyer.
"(The market) is really good," a source at a Midwest rebar distributor said. "Its very strong right now."
A mill source agreed that demand appeared to be on the rise. "Its been a busy month, volume has been pretty good and it has been a little bit better" than February, he said.
With order activity said to be rebounding, most sources confirmed that the announced rebar price hikes of $25 per ton ($1.25 per hundredweight) effective with April 1 shipments were finding partialand sometimes completesuccess (amm.com, March 13).....
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