Strong demand continues to keep both domestic and import rebar offers to the US high, and sources tell SteelOrbis the trend should continue in the near-term. Even so, import offer prices from Turkey are unchanged week-on-week, still ranging from $37.50-$39.50 cwt. ($827-$871/mt or $750-$770/nt) DDP loaded truck in US Gulf ports.
US import rebar offers from Mexico, meanwhile, are up $0.50 cwt. ($11/mt or $10/nt) week-on-week, now ranging from $37.00-$38.00 cwt. ($816-$838/mt or $740-$760/nt) DDP Houston. Sources tell SteelOrbis import offers from both countries could continue to see minor upticks.