Sources still making inquiries into US import rebar this week report slight variations in offer prices, although interest isn’t strong enough to translate into bookings this late in December. Most expect rebar offer levels to be about the same once business resumes in the New Year, as many still view current ranges as the bottom of the market.
This week, US import rebar offers from Algeria are unchanged week-on-week at $40.50-$41.50 cwt. ($893-$915/mt or $810-$830/nt) DDP loaded truck in US Gulf ports, while offers from Turkey are also trending neutral this week at $42.50-$43.50 cwt. ($937-$959/mt or $$850-$870/nt) DDP loaded truck in US Gulf ports. Offers from Mexico are similarly stable week-on-week, at $43.00-$44.00 cwt. ($948-$970/mt or $860-$880/nt) DDP Houston.