Rebar price hikes start to stick
Oct 25, 2013 | 04:29 PM
| Samuel Frizell
NEW YORK Rebar buyers are starting to see price increases from the mills take hold as the market shows signs of life before winter sets in and Turkish rebar exporters back out of the U.S. market.
Charlotte, N.C.-based Nucor Corp. led the charge earlier this month by announcing a price increase of $10 per ton (50 cents per hundredweight), and was soon followed by Gerdau Long Steel North America, Tampa, Fla. (amm.com, Oct. 16). It was the first increase in months, and the uptick appears to be taking hold.....
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