Spot prices for steel reinforcing bar in the United States have softened on reports of lower transaction prices while market sentiment has shifted into more neutral territory, Fastmarkets has learned.
Fastmarkets assessed the price for steel reinforcing bar (rebar), fob mill US at $30.50-31.50 per hundredweight ($610-630 per short ton) on Wednesday March 4, down by 1.6% from $31-32 per cwt in the previous assessment.Some market participants said...