Rebar prices flat amid weak demand
Aug 16, 2013 | 05:26 PM
| Samuel Frizell
NEW YORK Domestic steel mills have held reinforcing bar prices flat for most customers over the past several months in the face of disappointing demand, with producers and fabricators in most regions chasing too few orders with too many tons.
"Its a rough market right now. The overall capacity for rebar producers is about 60 percent. These are tough days," a mill source said.
A combination of wet weather in many parts of the United States and an overall sluggish economy has depressed shipment levels, with construction contractors slowing down their work in the rain and many fabricators left wondering when large-tonnage jobs will return.
"A 700-ton job would be a big job, and there are very few of them around. I can only think of one that is going on (in my area)," said a source at a rebar fabricator in Missouri. "The overall construction market in St. Louis has come back a little, but not as fast as people would like it to."....
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