Average price of rebar for sale in North America is a constantly fluctuating system, based on supplier operations and general market strength in the construction industry. Unfortunately, the average price of rebar for sale has recently been on a downward spiral. The following details the current state and outlook for the rebar market in the future:
Firstly, after some initial hoarding problems, there is now an adequate supply. Prices are over $.40/lbs for cut bar in many markets. Price has been in a shallow decline since the peak late last year. The prices of rebar are unpredictable. Many producers are now carrying a 30-day supply of strand, rebar and mesh as a matter of practice
What does this mean for the average price of rebar for sale in North America? The consensus view last year that price would decline modestly toward the end of year was accurate. Average price of rebar for sale today is flat to declining. But, worldwide supply and demand balance remains close. Today's high prices are attracting a lot of new steel capacity additions. The cost of iron ore and fuel are at record highs and will continue to push steel prices up. The consensus view is that the average price of rebar for sale will remain about where it is for now, then continue to go up.
So how does a contractor deal with the problems related to the average price of rebar for sale? Many by adopting the philosophy: Every problem is an opportunity. Last year some producers had very serious problems with fixed price contracts. The smart producer benefited from cultivating alternate vendors for both cement and steel. At this time of temporary price weakness in steel, one can recommend taking tactical advantage. Ask for a price review. Ask for price guarantees to match your longer run contracts. This is the time. The average price of rebar for sale will never be a guarantee, and will always be difficult to predict, but staying ahead of problems and taking advantage of opportunities will more than likely lead to maximum profit, and ultimate success.