Domestic rebar prices in the United States have risen by $20 per ton, just shy of recent $25-per-ton mill hikes, according to market sources.
American Metal Market's domestic rebar assessment rose to $32-33 per hundredweight, up $1 per cwt from $31-32 per cwt two weeks ago.One fabricator reported unchanged pricing for February, despite the stated timing of the increase announcements. His February prices are $31.28 per cwt fob mill, exclusive of freight to his northeastern facility and not including the latest $25-per-ton increase.The $25-per-ton mill hikes were effective from February 9 onward, with confirmed orders price-protected if shipped by March 10, according to official price announcements. Chicago shredded scrap prices were flat in...