Rebar prices hold steady
Aug 02, 2013 | 06:50 PM
| Samuel Frizell
NEW YORK Rebar shipment levels were lukewarm in July, and prices are mostly holding flat ahead of expected price announcements from the mills.
Grade 60, No. 5 rebar prices have hovered around $645 per ton ($32.25 per hundredweight) in most regions since mid-June. The mills announced they would not change prices in July, despite a $16-per-ton increase in the Chicago consumer buying price for shredded auto scrap, the raw material input for rebar, and most rebar buyers have seen little price fluctuation. ....
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