US imported rebar prices continued to climb this week as Turkish import offers to the US have jumped in recent days, market sources said Wednesday.
Platts raised its US rebar import price assessment to $455-$464/st CIF Houston on Wednesday, up from $432-$441/st CIF.
One US-based trader said Turkish offers to the US were up as high as $525/mt CFR ($482/st CIF) Wednesday, but no bookings had been seen at this level. Most buyers won't buy any higher than $500/mt CFR ($459/st CIF), said a buy-side source. Another buyer said they recently made a purchase at $505/mt CFR ($464/st CIF), but said $525/mt CFR seems unobtainable.
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