US rebar mills holding firm on prices

Feb 19, 2014 | 05:47 PM | Stacy Irish

Tags  rebar, rebar prices, construction, ferrous scrap, Stacy Irish

NEW YORK — U.S. concrete reinforcing bar producers are reluctant to pass savings from a recent decline in ferrous scrap prices along to domestic consumers amid thinning margins, market participants told AMM.

AMM’s spot transaction price for grade 60, No. 5 rebar moved to $34.50 per hundredweight ($690 per ton) f.o.b. mill for February and early March production (, Feb. 4), unchanged from previous levels.

The extreme cold weather across North America has depressed rebar demand. The few consumers that have been in the market have been purchasing small tonnages on a hand-to-mouth basis.....

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