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wiredInUSA - July 2014

21

The Platts daily southeastern US

rebar price assessment edged

down mid-month to $630-$635/

st ex-works. A southeastern

US distributor said he expects

domestic mills to hold pricing

flat at about $630/st ex-works as

business “continues to improve

slightly.”

Prices for imports continue to

decrease, as is the case with

offers for imports due for shipment

at the end of the summer.

“August arrivals from Turkey

are being quoted lower than

January arrivals, which was the

lowest pricing so far this year,” the

spokesman confirmed.

At least three traders booked

Turkish rebar at less than $600

per tonne during the month, but

indications are that prices have

since risen.

Another

southeastern

rebar

buyer said one of his mill suppliers

lowered its price to about $610/st

ex-works to help it compete with

imports. “It does seem like prices

are softening a little bit and I hear

awfully cheap numbers for future

arrival,” he said, adding that

he had heard of non-US rebar

offered to end-users for $620/st

delivered in Florida.

The general outlook appears to

be that prices will remain low,

to compete with imports, while

volume increases throughout the

summer.

INDEX

Rebar price

pressure

Rebar steel prices in the

southeastern US continued to

be held down in June, held by

low-priced and abundant imports.

wiredInUSA - July 2014