The price for steel reinforcing bar in the United States held firm week on week on steady demand from the construction end market, market participants said.
US market
Fastmarkets' price assessment for steel reinforcing bar (rebar), fob mill US held at $28 per hundredweight ($560 per short ton) on Wednesday July 22, unchanged after falling to this level on July 15.
"It seems to have stalled in that [$28-per-cwt] spot," one distributor said of current spot prices.
Still, one consumer noted that demand from the non-building segment of the construction end market remains robust.
"It's still pretty good, we're still seeing a lot...