As predicted last week, US import rebar offers have dwindled downward, with offers from both Turkey and Mexico dropping by $0.50 cwt. ($11/mt or $10/nt) in the last week. Sources tell SteelOrbis that inquiry activity is “getting livelier,” and some predict more import bookings if US domestic rebar offers remain firm.
US import rebar offers from Turkey are now in the range of $45.50-$46.50 cwt. ($1,003-$1,025/mt or $910-$930/nt) DDP loaded truck in US Gulf ports, while offers from Mexico are now at $46.50-$48.50 cwt. ($1,025-$1,069/mt or $930-$970/nt) DDP Houston.