Rebar Price Announcement

Rebar Price Announcement

Late last week, a leading rebar manufacturer followed the earlier move last week by re-establishing the $3.00/cwt size extra on sizes #3, #14 & #18. Additionally, however, they announced a $60/ton ($3.00/cwt) base-price increase on all new orders effective immediately. The move was somewhat surprising, as most agree demand in the rebar market does not necessarily merit a price increase, and the fabrication prices have remained sluggish this season. Still, mills are very tight on supply, grappling with the effects of Trump’s tariff increases in June, and likely felt that the increased price would help control the demand for their products and allow the mills to “catch up.” Sensing not a lot of alternatives at the moment, expect other mills to follow this week with versions of their own increases. The weeks ahead will be very telling to see if demand will be strong enough to push the announced increases through.

We will continue to keep you posted as developments happen. Have a great week ahead!