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Byer Steel increases rebar prices

Keywords: Tags  rebar, price increase, Byer Steel, scrap, grade 60, grade 40


NEW YORK — Byer Steel Corp. has increased its price for A-996 reinforcing bar (rebar) grades 40 and 60 by 50 cents per hundredweight ($10 per ton), the company announced in a letter to customers March 4.

Existing open orders have until March 8 to be shipped in order to protect previous pricing levels, the Cincinnati-based rebar manufacturer said.

The price hike follows speculation last week that rebar prices would rise in March buoyed by an expected uptick in scrap prices (amm.com, Feb. 28).

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