US import rebar price falls; domestic market flat

The price for imported steel reinforcing bar in the United States declined after the Covid-19 pandemic delayed demand while burgeoning supply was on the way. Prices for domestically produced rebar, meanwhile, have been steady.

Fastmarkets' twice-monthly price assessment for steel rebar, import, loaded truck Port of Houston for immediate delivery was at $540-570 per short ton ($27-28.50 per hundredweight) on Wednesday June 17, down by 2.6% from $560-580 per ton on June 3. 
Fastmarkets' price assessment for steel rebar, fob mill US was flat at $28.50-29 per cwt ($570-580 per ton) in the same comparison, maintaining the lowest level recorded since early January 2018.

Import prices are the more volatile category at the moment, market participants said. Turkish suppliers were eager to move extra tons while more material is on the water, so they adjusted offers downward to remain competitive compared with US mills. Other jumbo shipments of rebar are on the way to the US from Algeria and to Canada from Italy. The June and July arrivals add up to tens of thousands of foreign...

Published

June 18, 2020

21:03 GMT

New York