Palmetco Steel Inc. shut down Sept. 16 and sold all of its
assets to Houston-based Suncoast Post-Tension LP, citing tough
competition, slim margins and the lingering effects of the
Henrik Palme, owner
and president of the rebar fabricator, said his San
Antonio-based company was in business independently for 30
years before margins tightened and he consistently lost bids to
competition came from mill-owned fabricators, Palme said.
The price of
fabricated rebar varies greatly depending on region, the size
of an order and other factors, but market sources informally
polled by AMM were in general agreement that the price
of fabricated rebar has decreased by about $100 per ton over
the past year.