Last week, US import rebar buyers reported higher prices in the market, which they were taking under consideration before booking. This week, with Turkish rebar prices appearing to stay firm, buyers are making serious inquiries as it appears Turkish offers will not be declining anytime soon. As such, new Turkish rebar offers in the US market are now trending at $45.50-$46.50 cwt. ($1,003-$1,025/mt or $910-$930/nt) DDP loaded truck in US Gulf ports, up $1.00 cwt. ($22/mt or $20/nt) in the last week.
Similarly, Mexican rebar prices are also up slightly week-on-week, now ranging from $46.00-$48.00 cwt. ($1,014-$1,058/mt or $920-$960/nt) DDP Houston, up $0.50 cwt. ($11/mt or $10/nt) in the last week.