US rebar prices backtrack to March levels

Apr 26, 2013 | 02:32 PM | Samuel Frizell

Tags  Rebar, Nucor Corp., Gerdau Long Steel North America, construction, weather, reinforcing bar, Samuel Frizell

NEW YORK — Concrete reinforcing bar spot prices have slipped back to first-quarter levels after a brief late-March pickup.

A number of sources said they had expected business to improve as winter weather dispersed, but a significant uptick in rebar demand over 2012 has simply not materialized yet for many along the supply chain. Year-to-date business for most sources has been flat this year compared with 2012, when the market saw a milder winter.

"It’s been very slow for the first four months of the year," a mill source said. "The slow-to-slight expansion of growth we thought we’d see this year has not happened. ... We should be in the busy season and prices are slipping backwards."....

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