Rebar shipments rise, but outlook still dour
Oct 11, 2013 | 06:02 PM
| Samuel Frizell
NEW YORK The rebar market is still crawling out of the recession, and rebar buyers and mills continue to express doubt about long-term demand despite a recent uptick in shipments ahead of the winter freeze.
The construction markets remain off-kilter and below pre-recession highs. While buying has increased in recent weeks, the uptick appears to be seasonal rather than cyclical.
"Its October. ... Everyone wants to get their stuff in before the snow flies and people are trying to clean up projectsthey cant wait around for a price decrease," one rebar fabricator in the northern Midwest said. "Weve been pretty busy."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.