Bar market split on possibility of hikes on scrap price gains
Apr 11, 2014 | 06:00 PM
| Thorsten Schier
NEW YORK Rebar and merchant bar sources are split on the likelihood of price increases in those markets after a rise in scrap tags this month that has since led to a $20-per-ton ($1-per-hundredweight) wire rod increase by most U.S. mills.
Rebar sources polled said an increase was likely after scrap prices climbed in March and demand is starting to pick up in some regions due to improving weather.
"You would think that they will be announcing something. Were starting to be busier here now because its getting warmer," one rebar fabricator in the Midwest said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.