Rebar price hikes gradually taking hold
Dec 06, 2013 | 03:57 PM
| Samuel Frizell
NEW YORK Rebar price increases have gradually filtered into the marketplace, with demand in most regions strong enough to support higher mill prices.
Charlotte, N.C.-based Nucor Corp. and Steel Dynamics Inc.s Roanoke Bar unit in Roanoke, Va., joined Irving, Texas-based Commercial Metals Co.s CMC Steel Arizona and Tampa, Fla.-based Gerdau Long Steel North Americas $20-per-ton ($1-per-hundredweight) November price increases with their own announcements Dec. 3 (amm.com, Dec. 3). All major U.S. rebar mills have announced total price increases of $30 per ton ($1.50 per cwt) since mid-October. ....
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