Although demand for US import rebar remains muted, sources tell SteelOrbis that import offers are showing “signals” of an uptrend. Prices on the lower end of current ranges are no longer being offered, with importers pointing to higher US domestic rebar prices as justification.
US import rebar offers from Spain are relatively stable at $29.50-$30.50 cwt. ($650-$672/mt or $590-$610/nt) DDP loaded truck at US Gulf ports, although the low end of the range is firming upward. Offers from Turkey have also widened to $29.00-$29.50 cwt. ($639-$650/mt or $580-$590/nt) DDP loaded truck at US Gulf ports.