Rebar mills up prices, buyers wait for shakeup

Nov 08, 2013 | 05:59 PM | Samuel Frizell

Tags  rebar, rebar prices, price increase, Nucor, Gerdau Long Steel North America, Commercial Metals, CMC Steel Arizona, Steel Dynamics shredded autmotive scrap

NEW YORK — Price increases by U.S. rebar mills of between $10 and $20 per ton have yet to filter into the marketplace as buyers await a shakeup.

Rebar buyers largely haven’t yet paid the recent round of increases by domestic mills as they wait to see where prices move.

"Things are moving fast. The rebar mills have been skirting about the issue, but they’re going to have to do something. But I can’t say exactly what," one mill source said. "How it shakes up, only time will tell."....

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