Although some sources speculated last week that import rebar offers to the US could soon soften due to tariff-related uncertainty, prices have remained stable this week, although demand is “not exactly robust,” sources say, as buyers remain hesitant.
Traders expect demand and order activity to pick up once certain countries finalize exemption deals with the US—Turkey is reportedly seeking an exemption, while Brazil is working out a quota-based exemption that will reduce overall steel imports to the US while keeping prices free of the 25 percent tariff.
For now, offers for imported rebar in the US domestic market from Italy are still heard around $38.00-$39.00 cwt. ($760-$780/nt or $838-$860/mt) DDP loaded truck at US Gulf Ports, with Mexican offers heard at about $1.00 cwt. ($20/nt or $22/mt) higher.