Offer prices for US import rebar are still soft, although few buyers in the US have an appetite for booking material that won’t arrive for a couple months, when US domestic rebar prices are expected to be lower. Also, considering the sense that import rebar prices have still not hit bottom, buyers want to see just how low offers will go.
This week, SteelOrbis has heard of import rebar offers from Turkey in the range of $47.00-$48.00 cwt. ($1,036-$1,058/mt or $940-$960/nt) DDP loaded truck in US Gulf ports. Offers from Algeria are still in the range of $48.00-$49.00 cwt. ($1,058-$1,080/mt or $960-$980/nt) DDP loaded truck in US Gulf ports, unchanged in the last week, and offers from Mexico are also unchanged at $50.00-$51.00 cwt. ($1,102-$1,124/mt or $1,000-$1,020/nt) DDP Houston.