Offer prices for US import rebar have remained mostly steady in the last week, although sources tell SteelOrbis that the gradual downward trend for import prices is not over, just “taking a breather.” Inquiry activity is reportedly steady, although some sources report a slight decline in order activity as some buyers are reluctant to order now for late Q4/early Q1 arrival. However, there are reports of importers with spot tons available from previous arrivals, although they are not offering significant deals on the material compared to current offers for future arrival.
For now, US import rebar offers remain in the range of $45.00-$46.00 cwt. ($992-$1,014/mt or $900-$920/nt) DDP loaded truck in US Gulf ports from Turkey, and $46.00-$48.00 cwt. ($1,014-$1,058/mt or $920-$960/nt) DDP Houston from Mexico.