Although sources believe interest in US rebar imports will improve as the spring season progresses and US domestic rebar prices continue to rise, for now few transactions are being reported, despite relatively stable offer prices.
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, although some quotations have been reported at around $1.00 cwt. ($22/mt or $20/nt) below that range. Offers from Mexico are also unchanged week-on-week, still ranging from $46.50-$47.50 cwt. ($1,025-$1,047/mt or $930-$950/nt) DDP Houston.