Rebar price hikes gradually taking hold

Dec 06, 2013 | 03:57 PM | Samuel Frizell

Tags  steel, rebar, price increases, rebar market, Nucor Corp., Steel Dynamics, Commercial MEtals Co., Gerdau Long STeel North America ferrous scrap

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 America’s $20-per-ton ($1-per-hundredweight) November price increases with their own announcements Dec. 3 (, 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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