US rebar prices remain steady despite lower import offers and declining ferrous scrap prices, market participants said.
Fastmarkets assessed the price for steel reinforcing bar (rebar), fob mill US at $31-32 per cwt ($620-640 per ton) Wednesday February 5, unchanged from the prior assessment in mid-January.Domestic prices might adjust downward in response to lower scrap costs as well as higher import volumes and more competitive import offers,...