Rebar shipments rise, but outlook still dour

Oct 11, 2013 | 06:02 PM | Samuel Frizell

Tags  rebar, Gerdau Long Steel North America, Nucor, rebar buyer, rebar mill, rebar fabricator, rebar prices, Jim Kerkvliet James Darsey

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.

"It’s October. ... Everyone wants to get their stuff in before the snow flies and people are trying to clean up projects—they can’t wait around for a price decrease," one rebar fabricator in the northern Midwest said. "We’ve been pretty busy."....

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