Steel Prices Take A Breather From Record Gains

摘要

Prices for both reinforcing bar and structural steel are starting to ease off of record levels after strong increases through the first eigtit months of this year (ENR 6/16 p. 61 and ENR 9/29 p. 32). ENR's 20-city average price for grade-60 rebar slipped 1.5% in October, cutting annual inflation from 26% in August to 19%. ENR's structural steel prices posted similar results, with monthly declines of 1.2% for channel beams, 1.3% for I-beams and 2.1 % for channel beams. The average price for these three products is 19% above 2007.