U.S. MIDWEST REBAR PRICES CONTINUE TO CLIMB AND GO TO US$ 500-525

US Midwest rebar prices continued to climb Monday as a second wave of price hikes began to take effect, market sources said.

Platts raised its weekly Midwest rebar price assessment to $500-$525/st ex-works, up from $490-$515/st.

After issuing formals price increases for rebar in March, Gerdau Long Steel North America and Commercial Metals again raised rebar prices Monday $30/st and $25/st, respectively.

Last week Nucor raised its transaction prices $25/st on rebar products. "Prices are definitely moving up," said one Midwest fabricator.