US domestic rebar spot prices have not moved in the last week, although sources tell SteelOrbis there is “no reason” for prices to stay stable for long, predicted further upticks in the near-term. For now, strong demand is starting to erode the lower end of the general price range, and within a week or two, sources believe the spot range will narrow toward the higher end.
As such, US domestic rebar spot prices are unchanged at $44.00-$46.00 cwt. ($970-$1,014/mt or $880-$920/nt) ex-mill in the Midwest, and $43.00-$45.00 cwt. ($948-$992/mt or $860-$900/nt) ex-mill on the East coast.