Domestic steel reinforcing bar prices in the United States were sideways on Wednesday October 27, but import tags went up for the first time in nearly two months.
Fastmarkets' assessment for steel reinforcing bar (rebar), fob mill US was $49.25 per hundredweight ($985 per short ton) on October 27, unchanged since August 11 at its highest level since late 2008. This marks the 11th week of that the assessment has been flat, the longest streak in 2021 so far.US marketRebar prices have held steady for nearly three months, with market participants citing several factors that might normally move the number up or down but instead have seemed to continually cancel...