Steel rebar mills dig in heels on prices
Jun 20, 2013 | 05:33 PM
| Samuel Frizell
NEW YORK Rebar mills have dug in their heels to counter a two-month slide in prices, with volumes starting to improve from previously lackluster levels and construction projects slowly moving off the ground.
Rebar prices retreated in April and May from a February high of about $690 per ton ($34.50 per hundredweight) but appear to have struck bottom this month at around $645 per ton ($32.25 per cwt), with prices varying based on region and order size. ....
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