Rebar prices flat, demand soft

Aug 29, 2013 | 04:51 PM | Samuel Frizell

Tags  Concrete reinforcing steel bar, rebar, rebar prices, construction, Samuel Frizell

NEW YORK — Domestic mills’ rebar prices were unchanged this month as demand remained relatively soft and some buyers’ optimism for the end of the year waned.

Market sources had predicted a significant improvement in business in the second half of 2013, forecasting an increase in nonresidential construction nationwide and expressing hope that rebar prices would rise (, Feb. 5).

Prices for domestic Grade 60 No. 5 rebar have stagnated at around $645 per ton ($32.25 per hundredweight) for three months, however, and nonresidential construction has not increased significantly, sources said. ....

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