Domestic steel reinforcing bar prices in the United States increased slightly to a 13-year high, with many market participants expecting it to go up again before long.
Fastmarkets' price assessment for steel reinforcing bar (rebar), fob mill US was $50.50 per hundredweight ($1,010 per short ton) on Wednesday November 18, up by 0.50% from the week before and at its highest point since the assessment hit an all-time peak of $52.80 per cwt in July 2008.US marketThe recent round of rebar mill hikes has taken hold slowly in the...