Prices for domestic steel reinforcing bar in the United States rose for the first time since January, after buyers mostly accepted mills' price increases.
Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), fob mill US climbed to $29.25 per hundredweight ($585 per short ton) on Wednesday September 9, up by 4.5% from $28 per cwt previously, where the price had remained since mid-July. The assessment is now down by just 2.5% from $30 per cwt at the start of the year.Fastmarkets' price assessment for steel reinforcing bar (rebar), import, loaded truck Port of Houston for immediate delivery strengthened to a new...