Demand for US import rebar remains muted this week due to spring break vacations, but sources tell SteelOrbis that some import offers have dipped slightly. Last week, US import rebar offers from Spain were reported at $34.00-$34.50 cwt. ($750-$761/mt or $680-$690/nt) DDP loaded truck at US Gulf ports, but this week, most offers are trending closer to $34.00 cwt., as $34.50 cwt. is no longer “attractive enough.”
Meanwhile, offers from Bulgaria and Portugal are still closer to $34.50 cwt. ($761/mt or $690/nt) DDP loaded truck at US Gulf ports, but sources say that level might be vulnerable to competition from Spain if demand picks up.