Although the rise in US import rebar offer prices has subsided somewhat, buyers in the US are still largely uninterested in import orders, sources say, although rising domestic rebar prices could shift that trend in the upcoming months.
Rebar buyers in the US are still sticking with domestic mills for their needs, as demand isn’t strong enough for buyers to take the risk of ordering material months out. However, sources say it’s becoming clear that US domestic rebar prices are on their way up, and buyers will likely wait until the gap between imports and domestics is wide enough to make a move.
As such, US import rebar offers are unchanged week-on-week at $44.00-$45.00 cwt. ($970-$992/mt or $880-$900/nt) DDP loaded truck in US Gulf ports from Algeria, and $46.50-$47.50 cwt. ($1,025-$1,047/mt or $930-$950/nt) DDP Houston from Mexico, although some sources report slightly lower quotes in the market as importers are eager for orders.