Sources report no changes in US domestic rebar spot prices within the last week, although some sources say deals are less available. While this could soon firm up the lower end of the average spot price range, for now strong demand and a general sense that US scrap prices will not plunge next month is helping the rebar market maintain its strong yet steady trend.
US domestic rebar spot prices in the Midwest are still ranging from $42.00-$44.00 ($926-$970/mt or $840-$880/nt) ex-mill, while spot prices on the East coast are still at $41.00-$42.00 cwt. ($904-$926/mt or $820-$840/nt) ex-mill.