21 / 50
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.
INDEXRebar 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