Fastmarkets assessed steel rebar, import, cfr Houston, at $580-590 per short ton on Wednesday August 21, down by 2.5% from $590-610 per short ton two weeks earlier.
Prices for imported rebar have been trending downward since reaching a nearly 12-month high of $685-700 per short ton cfr on April 17 of this year.
Fastmarkets assessed steel rebar, fob mill US, at $31.50-32.50 per hundredweight ($630-650 per ton) on August 21, unchanged since July 17 when the price descended to pre-Section 232 levels.
Offers from foreign mills have continued to get more aggressive, sources told Fastmarkets.
A 15,000-tonne Turkish cargo was booked at $640 per tonne cfr, equivalent to $580 per ton cfr, for delivery into Florida and Texas ports, one trader source said.
This was confirmed by second trader, who also said cargoes from Spain and...