Domestic steel reinforcing bar prices in the United States were flat week on week at a 13-year high, with many market participants expecting the number to increase again before long.
Fastmarkets' price assessment for steel reinforcing bar (rebar), fob mill US was $50.25 per hundredweight ($1,005 per short ton) on Wednesday November 10, sideways from the previous week at its highest point since the assessment hit an all-time peak of $52.80 per cwt in July 2008.US marketAlthough the recent round of mill price hikes has only shown up incrementally in the market due to some end-user pushback, most rebar sources agreed that the increases will ultimately stick - and...