US import rebar prices catch up to higher offers

Tuesday, 12 September 2017 23:49:16 (GMT+3)   |   San Diego
       

Buoyed by rising scrap prices in international markets, import rebar offers to the US have seen an uptick in the last week. And now that uncertainty regarding damages from Hurricane Harvey has mostly eased, sources tell SteelOrbis that buyers are ready to return to the market and book for future arrival.

Offers for imported rebar in the US domestic market from Turkey are now in the range of $28.50-$29.50 cwt. ($570-$590/nt or $628-$650/mt) DDP loaded truck in US Gulf ports, indicating a $1.25 cwt. ($25/nt or $28/mt) increase since our last report a week ago. However, traders point out that the increase is more reflective of sales prices catching up to previous offers than to a huge jump in new offers from Turkish mills.


Similar articles

Import longs offers in Romania now attractive, local prices stable

28 Mar | Longs and Billet

Turkish domestic dollar-based rebar spot prices soften

28 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

Rebar consumption in Mexico decreases 3.1 percent in January

27 Mar | Steel News

US rebar prices mostly stable with occasional deals

27 Mar | Longs and Billet

Downtrend reverses in Pakistan’s import scrap segment

27 Mar | Scrap & Raw Materials

Turkey seeks to raise rebar export offers, demand mostly seen locally

27 Mar | Longs and Billet

Iskenderun-based Turkish mill increases its rebar price      

27 Mar | Longs and Billet

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

US import rebar market remains quiet

26 Mar | Longs and Billet