While sources tell SteelOrbis that “general” interest in US import rebar offers remains steady, but inquiries have waned this week ahead of the Independence Day holiday. Orders are expected to pick back up next week, although one source said he “doesn’t see a reason” why prices would be different at that point.
Offer prices for US import rebar are also steady from last week, at $28.00-$29.00 cwt. ($617-$639/mt or $560-$580/nt) DDP loaded truck at US Gulf ports from Turkey, while offers from Mexico are still at $28.50-$29.50 cwt. ($628-$650/mt or $570-$590/nt) DDP Houston.