Steel reinforcing bar prices in the United States' domestic market were steady again this week, with market sentiment mixed regarding what might come next.
Fastmarkets' weekly assessment for steel rebar, fob mill US was at $48 per hundredweight ($960 per short ton) on Wednesday July 7, unchanged since June 16 but up by 9.09%% from $44 per cwt on June 2.US marketSupply remains tight, market participants said, but what that means for prices in the near term remains to be seen."I think the sheer availability of material is driving [the market] now," a West Coast distributor said. "If you don't have your order in...