Strong demand and tight domestic supply for rebar in the US has kept the trend for import offers pointing upward, although only offers from Mexico have seen a price increase this week. Offers from Turkey are stable week-on-week despite reports of lower export offers from the country, but sources say demand in the US for imports is robust enough to maintain current prices for now.
As such, US import rebar offers from Turkey are still in the range of $42.00-$43.00 cwt. ($926-$948/mt or $840-$860/nt) DDP loaded truck in US Gulf ports, while offers from Mexico are now in the range of $41.50-$42.50 cwt. ($915-$937/mt or $830-$850/nt) DDP Houston, up $0.50 cwt. ($11/mt or $10/nt) week-on-week.