Demand for US import rebar remains tepid while offer prices have remained steady this week. US import rebar offers from Spain, Bulgaria, and Portugal are still ranging from $29.00-$30.00 cwt. ($639-$661/mt or $580-$600/nt) DDP loaded truck at US Gulf ports. Offers from Algeria are closer to the level of $29.00 cwt. ($639/mt or $580/nt) DDP loaded truck at US Gulf ports, although some sources say they have heard of offers slightly below that level.
Sources tell SteelOrbis that interest in Turkish rebar imports has picked up after the decision by the Trump administration to impose higher tariffs on Turkish steel was quickly reversed. Offers were last heard in the range of $29.00-$30.00 cwt. ($639-$661/mt or $580-$600/nt) DDP loaded truck at US Gulf ports, but sources say serious buyers can “probably do better, depending on volume.”