As US import rebar buyers continue to prefer purchasing positions at US ports, inquiry activity for future orders remains muted. Sources tell SteelOrbis that importers would like to get most import sales prices to their US customers solidly above the level of $30.00 cwt. ($661/mt or $600/nt) DDP loaded truck at US Gulf ports, mostly because “there’s no real reason for prices to be below that at this point.”
However, some offers are still slightly beneath that level, and with position deals available at up to $1.00 cwt. ($22/mt or $20/nt) below future order offers, sources say it might take a serious uptick in demand to lift import rebar prices.
For now, US import rebar offers are steady at $29.50-$30.50 cwt. ($650-$672/mt or $590-$610/nt) DDP loaded truck at US Gulf ports from Spain, with offers from Turkey still at $29.00-$29.50 cwt. ($639-$650/mt or $580-$590/nt) DDP loaded truck at US Gulf ports. Additionally, import rebar offers from Mexico are still at $30.50-$32.00 cwt. ($672-$705/mt or $610-$640/nt) DDP Houston, depending on the producer.