US domestic, import rebar prices unchanged amid persistent weak demand, economic uncertainty: sources

Published by:Melissa VanDervort<>
23 Apr 2025 @ 21:09 UTC

US domestic and import rebar prices were steady on Wednesday April 23, with sources reporting that lackluster demand and continued market uncertainty have kept the rebar market in a holding pattern during a sluggish spring construction season.

Fastmarkets assessed the price ofsteel reinforcing bar (rebar), fob mill USat $39 per hundredweight ($780 per short ton) on Wednesday, flat since going up by 5.41% on February 12 from $37 per cwt on February 5.
Fastmarkets’ assessment ofsteel reinforcing bar (rebar), import, loaded truck Port of Houston for immediate deliverywas $720-740 per ton ($36-37 per cwt) on Wednesday, flat since going up by 0.69% on February 26 from $715-735 per ton on February 19.
Demand in the rebar market is stable, but well below average for the normally hectic spring construction season, sources said.
Demand is steady, but slower than a regular April, a buyer said.
A second buyer attributed the tepid pace of construction season to far-ranging market hesitation surrounding ongoing tariff negotiations between the US, Mexico and Canada.
I think [that] pricing uncertainty on all products that go into building — steel, concrete, wood, glass, technology, mechanical, plumbing — is keeping demand low to build [new construction projects] now, the second buyer said.
Demand continues to be quiet, a rebar trader said. Our pipeline is not good.
The spread between shredded scrap and domestic rebar was $405 per ton on Wednesday, up by 9.67% from $369.29 per ton on April 9, due to the decline in the shredded scrap price.
Fastmarkets’ monthly assessment of thesteel scrap shredded auto scrap, consumer buying price, delivered mill Chicagowas $420 per gross ton ($375 per short ton) on April 9, down by 8.70% from $460 per gross ton ($410.71 per short ton) on March 12.
Lead times are at three to four weeks, according to sources.