Domestic mills reinforcing bar prices have remained flat
overall and demand continues to disappoint, with buyers
anticipating no immediate price increases.
There has been no rise
in prices as a result of anti-dumping duty investigations under
way against Turkey and Mexico, and a countervailing duty
investigation against Turkish product (
amm.com, Sept. 26), with rebar buyers continuing
to bring in foreign material before duties potentially take
However, one rebar
buyer said a shipment of the product from Turkey slated for
December had been canceled for fear of duties being
Rebar buyers are
purchasing material at around $645 per ton ($32.25 per
hundredweight), although lower prices have been reported in the
South. There are also rumors of some discounting, depending on
region and mill.
Meanwhile, a couple of
mills have reportedly raised prices on certain sizes.
Mills have been wary
of raising prices for fear of losing more market share, and
equally so of lowering prices with margins so thin.
"You dont want
to go down any further because your metal spread is crushed,"
one mill source said. "And if you raise prices, thats
great, but the 20 percent of the market the Turks and Mexicans
already have, thats going to get bigger."
Demand has been soft
despite an expectation that the season would end with increased
"Typically, this is
your busy time of year. But the markets kind of been
lagging, and its not just price. Weve got work, but
people arent taking it as fast as Id like," one
rebar fabricator said.