US import rebar market considers higher offers

Tuesday, 12 October 2021 21:07:42 (GMT+3)   |   San Diego
       

Although Turkish rebar prices are following an uptrend this week, sources tell SteelOrbis that the US import rebar market is taking the higher prices into consideration while awaiting direction in the domestic market. With US scrap prices trending sideways this month, US domestic rebar prices are not expected to rise or fall, which means that even slightly higher import offers are still a good deal compared to local material.

Offers from Turkey are now being heard at around $44.50-$45.50 cwt. ($981-$1,003/mt or $890-$910/nt) DDP loaded truck in US Gulf ports, up $0.50 cwt. ($11/mt or $10/nt) in the last week. Meanwhile, Mexican offers are unchanged week-on-week in the range of $45.50-$47.50 cwt. ($1,003-$1,047/mt or $910-$950/nt) DDP Houston.


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