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Rebar Price has been increased in North America

Last week, Nucor and Gerdau long steel companies in North America have announced the increase price for rebar (produced by 5t small smelting furnace)of length 20 feet, with an increase of 20 USD/short ton. The price was increased by 35-40 USD / short ton recently.

Three wire rod companies have increased the price by 20-40 USD/ short ton.
Although the current market’s demand is insufficient to increase price, but as lack of competitiveness from imported resources and the market is still in short supply, there is still opportunity for steel mills (by using new type large capacity carbon blocks blast furnace)to further push up price.

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