Latest News
15.11.2017

The 11th International Tube Industry Expo

Time: November 20-22, 2017 Location: Shanghai New International Expo Center Organizers: China Steel Structure Association Steel Pipe Branch, Shanghai Steel Pipe Association and Yangtze River Delta Pip...
Follow
Follow us listed below websites to get updated information of Landee Pipe.
Contact
Tel: 86-592-5204188
Fax: 86-592-5204189
sales@landeepipe.com
Industry News
The Price of Imported Rebar Declines in America
Posted: 05/23/2014 14:26:43  Hits: 542
The price of imported rebar declines in America this week. Earlier this week, price of Turkey resource rebar got kind of fall in American rebar market, but the price did not fall below $600/ton.
 
Some market participants said that future Turkish resources offer may fall further under the influence of declining scrap steel prices, which fell by 1-2 dollars/ton last week. Currently, though steel mills are reluctant to accept deals below $600/ton, traders’ inquiry price still remains at only $595/ton
 
Due to the high rebar inventories, the import trading volume is less. In addition, the port price of Inbesa Port inventory is only $590-600/ton, lower than Turkish offer. Therefore, traders are still waiting for the price falling of Turkey resources offers.
 
Affected by Turkish rebar anti-dumping case, the total quantity of imported rebar permitted by the United States in April is about 87,800 tons, falling 51200 tons compared with March. Among which Turkey resources account for 42100 tons, falling from 64000 tons in March. On Tuesday, rebar price declined by $2.5/ton, to $545-555/ton, or $600-610/ton including taxes.
 
Meanwhile, rebar prices continue to maintain smooth in Europe. Under the pressure of weak market demand and imported resources from Spain and Italy, French price is facing a downward trend. This week, French rebar was quoted at 220 Euros/ton.
 


Post URL: http://www.landeepipe.com/the-price-of-imported-rebar-declines-in-america.html
Landee Pipe is a professional industrial pipe manufacturer based in China, we have been producing pipe for a variety of applications, and covering areas of pipe manufacturing, exporting and trading. welcome to access our website: http://www.landeepipe.com.