US rebar prices remain unchanged

US rebar prices remain unchanged

Little has changed in the world of rebar over the past week. Import prices remain at a range of $21.75 cwt. to $22.75 cwt. ($479.51 /mt to $501.55 /mt or $435.00 /nt to $455.00 /nt). Prices are about $0.50 cwt. ($11.02 /mt or $10.00 /nt) higher on the East Coast. The pricing trend for rebar is flat to slightly soft. Scrap prices in the Black Sea region are still soft, and demand in the US for rebar is expected to be lower because of the onset of harsh winter conditions on the East Coast. Domestic prices remain unchanged since last week, ranging $24.25 cwt. to $25.25 cwt. ($534.62 /mt to $556.76 /mt or $485.00 /nt to $505.00 /nt). The pricing trend is still flat for the rest of 2005.