Rebar Prices Still Moving Higher
Producers of concrete reinforcing bar ratcheted up prices another 1% in July, following record-breaking price increases during the previous three months. The string of price hikes has pushed ENR’s 20-city average price for grade-60 rebar 16% above July 2007’s level. Prices never declined after jumping more than 42% in 2004. Together, the 2004 and 2008 price spikes leaves ENR’s average rebar price at about $42 per 100 lb. In July 2003, rebar was selling for about $24 per 100 lb.
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