wiredinUSA July 2014

INDEX

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. Rebar price pressure

Rebar steel prices in the southeastern US continued to be held down in June, held by low-priced and abundant imports.

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