Interest in US import rebar is still up compared to recent months, but offer prices are still trending steady as US buyers gauge the market before making major tonnage decisions. Rumors of a potential price increase in the US domestic rebar market have helped boost inquiry activity for imports, and if buyers perceive a US domestic rebar uptrend to sustain through the end of Q3, sources say it will be “worth the wait” to order imports now for future arrival.
This week, US import rebar offers are still around $30.50 cwt. ($672/mt or $610/nt) DDP loaded truck at US Gulf ports from Spain and Algeria, $31.50 cwt. ($694/mt or $630/nt) DDP loaded truck at US Gulf ports from Bulgaria and Portugal, $31.00 cwt. ($683/mt or $620/nt) DDP loaded truck at US Gulf ports from Turkey, and $30.00 cwt. ($661/mt or $600/nt) delivered to Houston from Mexico.