After assessing market feedback, Fastmarkets is extending by one month the consultation period for its proposal to launch a weekly price assessment for steel reinforcing bar (rebar), domestic, delivered Saudi Arabia.

Optimus Steel’s ongoing expansion and upgrades at its Beaumont, Texas facility since 2021 will – by the time of completion in late 2024 – double its rolling capacity from 800,000 tons per year to 1.6 million tpy

Fastmarkets proposes to launch a weekly price assessment for steel reinforcing bar (rebar) domestic, delivered Saudi Arabia.

The publication of Fastmarkets’ US rebar prices took place earlier than scheduled on Wednesday March 22 due to a reviewer error.

Fastmarkets has corrected its price assessment for steel reinforcing bar (rebar) domestic, exw Italy, which was published incorrectly on Wednesday February 1 due to an error.

Opinions are mixed on whether new steel reinforcing bar capacity will be absorbed by a down market, but a spate of planned mills in the southern United States may signal a shift toward nearshoring that could offer buyers relief from high freight costs and volatile global supply chains

Fastmarkets proposes to discontinue the converted price assessments for the following markets:

Commercial Metals Co (CMC) is launching RebarZero, a line of net-zero greenhouse gas emissions rebar products, the company announced on Tuesday August 30

The Brazilian construction industry chamber, CBIC, has raised its forecast for the sector’s gross domestic product (GDP) in 2022 to a 3.5% increase, from the previous 2.5% guidance, due to federal programs and renovations expected for the second half of the year, it said on Monday July 25

Fastmarkets has corrected its weekly price assessment for steel mesh-quality wire rod in the Northern Europe domestic market, which was published incorrectly on Wednesday June 15 due to an error.