US import rebar offers are up again week-on-week, which sources mainly attribute to US domestic rebar trends. Domestic prices are rising sharply, and strong demand is exacerbated by tight supply—buyers report lead times stretching out into late summer, making imports a feasible alternative. Import offer prices are also still far below domestic offers thanks to recent US mill rebar price increase announcements.
As such, importers report little pushback in new quotes for import rebar, with offers from Turkey and Mexico both up $1.00 cwt. ($22/mt or $20/nt) in the last week. Import offers from Turkey are now in the range of $42.00-$43.00 cwt. ($926-$948/mt or $840-$860/nt) DDP loaded truck in US Gulf ports. Import offers from Mexico are now in the range of $41.00-$42.00 cwt. ($904-$926/mt or $820-$840/nt) DDP Houston.