During the SteelOrbis Fall 2012 Conference and 67th IREPAS Meeting held in Munich, Bernd Neuenkirchen from Coutinho & Ferrostaal Inc. said that the
US market witnessed lively
rebar sales in the first quarter of this year, as also proved by the significant
rebar imports arriving from Turkey in this period, though since then
rebar order activity in the country has diminished especially during the summer months amid a drop in demand levels.
Meanwhile, F.D. Baysal from Seba International told attendees at the event that the
US market is characterized by a lack of large construction projects, while ongoing projects are limited to government projects, which means that they will not trigger
rebar import flows to the
US, since only domestic products can be used in state-backed projects.
However, traders participating at the conference reached consensus that
US rebar demand is still decent, especially when compared to some other regions of the world, in particular Europe.