Domestic and imported steel reinforcing bar prices in the United States were sideways on Wednesday October 13, and market participants expect it to stay that way for a few more weeks at least.
Fastmarkets' assessment for steel reinforcing bar (rebar), fob mill US was $49.25 per hundredweight ($985 per short ton) on Wednesday October 13, unchanged since August 11 but up by 65.55% from $29.75 per cwt at the same time last year.US marketSeveral market participants noted that lead times seem to be improving with peak rebar season winding down, but the general sentiment is that demand is still strong enough to prevent the price from decreasing."No changes...