NEW YORK The
Concrete Reinforcing Steel Institute (CRSI) is forecasting
moderate growth in rebar consumption this year and a
significant increase for 2014, but some rebar market sources
expressed skepticism about the data.
The CRSI projects
rebar demand at 7.45 million tons for the year, up 4 percent
from last year, CRSI president Robert Risser told AMM
in an e-mail. Demand will likely rise to about 8.2 million tons
The CRSI calculates
its forecasts based on data on cement consumption from the
Skokie, Ill.-based Portland Cement Association (PCA) by
estimating the tons of rebar that reinforce a certain amount of
concrete, Risser said.
Some rebar buyers said
they werent as optimistic about CRSIs 2014
"If you had to take a
group that was consistently optimistic in its estimations,
its the PCA," a rebar buyer in the Midwest said. "What is
predicted and what occurs is not particularly close
Rebar mill executives
at Charlotte, N.C.-based Nucor Corp., Tampa, Fla.-based Gerdau
Long Steel North America and others said last month at an
International Trade Commission hearing that the rebar market is
recovering slowly (
amm.com, Oct. 11).
infrastructure perspective, that kind of increase takes big
funding. Do you believe that Congress is going to fund
anything?" the rebar buyer asked. "You look at all the
construction numbers and strip out housing, and construction
has not increased significantly."
A rebar market source
was hopeful the increase in rebar demand would occur next year.
"I think those are optimistic numbers, and theyre
challenging, but I think they could be achievable," he