Insteel sees growth in rebar substitutes

Aug 12, 2014 | 02:06 PM | Nat Rudarakanchana

Tags  steel, rebar, ESM, rebar substitute, Insteel Industries, Ivy Steel & Wire, mesh, engineered structural mesh Michael Gazmarian

NEW YORK — Insteel Industries Inc. sees significant growth opportunities in the construction markets for its rebar-replacing engineered structural mesh (ESM) product.

"We believe the rebar market represents a highly attractive growth opportunity for ESM," vice president and chief financial officer Michael C. Gazmarian told delegates Aug. 12 at Jefferies LLC’s 10th Annual Global Industrials Conference in New York. "About 80 percent of the domestic rebar market represents sizes that could potentially be replaced by ESM."....

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