Strong demand boosts rebar prices

Aug 18, 2014 | 05:28 PM | Nat Rudarakanchana

Tags  rebar, concrete reinforcing bar, construction, Nucor, Gerdau Long Steel North America, SDI, Steel Dynamics, rebar price increases long products

NEW YORK — Several rebar producers have announced price increases amid strong demand and lean inventories, market sources said.

Market leader Nucor Corp. raised rebar prices by $10 per ton (50 cents per hundredweight) effective with new orders Aug. 18, the company’s Texas division said in an Aug. 15 letter to customers. Tampa, Fla.-based Gerdau Long Steel North America also raised rebar prices by $20 per ton ($1 per cwt), it said in an Aug. 15 letter to customers.

The moves were followed Aug. 18 by Cincinnati-based Byer Steel Corp., which raised A996 rebar by $20 per ton; and Irving, Texas-based Commercial Metals Co. (CMC), the third-largest producer in the United States, which raised rebar prices by $10 per ton effective immediately.....





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