Demand for US import rebar remains at low levels due to “extreme pandemic uncertainty,” but some buyers in the US are still putting out inquiries “just in case there’s a deal they can’t pass up.” And while most US import rebar offer prices haven’t moved after dropping last week, offers from Turkey have experienced a scrap-related uptick.
US import rebar offers from Turkey are now at $30.00-$31.00 cwt. ($661-$683/mt or $600-$620/nt) DDP loaded truck at US Gulf ports, up $1.00 cwt. ($22/mt or $20/nt) in the last week. However, because the increase in entirely due to higher scrap prices in Turkey, sources tell SteelOrbis that the uptick likely won’t stick. Elsewhere, US import rebar offers from Mexico are stable week-on-week at $30.00-$31.00 cwt. ($661-$683/mt or $600-$620/nt) DDP Houston.