With little to no movement in demand levels or domestic spot prices within the US rebar market, import inquiry activity is still trending quiet while import offer prices remain stable. And without any major shakeups in the market or significant changes in scrap prices, sources tell SteelOrbis there isn’t much reason for import rebar offers to move.
For the near-term, sources expect US rebar import offers to continue trending around $38.50-$39.50 cwt. ($849-$871/mt or $770-$790/nt) DDP loaded truck in US Gulf ports from Algeria and Egypt, and $39.00-$40.00 cwt. ($860-$882/mt or $780-$800/nt) DDP Houston from Mexico.