Rebar prices rise on strong demand

Aug 29, 2014 | 04:34 PM | Nat Rudarakanchana

Tags  rebar, steel, long products, reinforcing bar, trade case, Turkey, Mexico, construction wire rod

NEW YORK — U.S. rebar markets remained strong in late August, with market participants reporting busy mills, robust demand and stable to higher prices.

"It’s absolute wildfire," one major distributor said about the rebar market. "I haven’t seen it like this since 2007 or 2008. ... Prices aren’t running up, but demand is just crazy right now."

AMM’s price assessment for domestic rebar rose 50 cents to $33 per cwt ($660 per ton).

Supply is very tight given this outburst of demand, according to the distributor, with mill rolling schedules heavily sold out. He predicted that domestic mills would successfully raise prices again in September, even after introducing a recent series of summer price increases (amm.com, Aug. 18).....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results