The previously reported uptrend in global rebar prices has neutralized since last week, leaving US import rebar offers sustaining at current levels due to continual low interest. Domestic rebar mills are still capturing most of the demand in the US, and with rumors of domestic deals popping up in the market, sources tell SteelOrbis that imports could soon become even less attractive than they are now.
For now, US import rebar offers from Egypt are unchanged week-on-week at $39.00-$40.00 cwt. ($860-$882/mt or $780-$800/nt) DDP loaded truck in US Gulf ports, while offers from Mexico are still at $40.00-$41.00 cwt. ($882-$904/mt or $800-$820/nt) DDP Houston.