Continued lagging interest in US import rebar has left offer prices unchanged again week-on-week, as buyers largely stick with domestic mills. However, with domestic rebar prices trending upward, some sources are hopeful that US rebar buyers will soon take advantage of lower import offers.
This week, US import rebar offers from Algeria are still in the range of $44.00-$45.00 cwt. ($970-$992/mt or $880-$900/nt) DDP loaded truck in US Gulf ports, while offers from Mexico are still at $46.50-$47.50 cwt. ($1,025-$1,047/mt or $930-$950/nt) DDP Houston from Mexico.
Sources also report that some US import rebar positions are on their way to the US, which could be offered at slightly lower prices than the current lowest offers. Without the need to wait for overseas arrivals, sources say the material should “easily” find buyers.