Rebar hikes start to stick as spring shows up

Mar 29, 2013 | 11:20 AM | Samuel Frizell

Tags  Rebar, rebar distributor, steel, construction, 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. "It’s very strong right now."

A mill source agreed that demand appeared to be on the rise. "It’s 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 partial—and sometimes complete—success (, March 13).....

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