Steel reinforcing bar prices in the United States have continued to rise following recent mill price increases, Fastmarkets has learned.
Fastmarkets assessed the price for steel reinforcing bar (rebar), fob mill US at $34.50 per hundredweight ($690 per short ton) on Wednesday December 16, up by 1.47% from $34 per cwt the previous week.US marketFastmarkets' current assessment indicates that all of the early December's $65-per-ton ($3.25-per-cwt) mill increases have been passed through to the spot market.The price rises were prompted by a historically strong settlement in this...