US import rebar offers stable but buyers remain hesitant

Tuesday, 20 July 2021 21:02:06 (GMT+3)   |   San Diego
       

Although US import rebar offers remain below US domestic rebar spot prices, sources tell SteelOrbis that buyers remain hesitant to order material that will not arrive until early fall. However, current offers from both Turkey and Mexico in the wide range of $47.00-$50.00 cwt. ($1,036-$1,102/mt or $940-$1,000/nt), DDP loaded truck in US Gulf ports and DDP Houston, respectively, are also lower than current position prices at the port, which are over $50.00 cwt. ($1,102/mt or $1,000/nt) and in many cases close to US domestic prices. Sources say those positions are not “flying off the shelves,” as buyers wait to see how the domestic market pans out.


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