Domestic producers turned this situation to their advantage by raising prices by USD 60 per ton, reaching the highest levels seen since March 2024. Prices stabilized at USD 825–835/ton EXW in the Southeast and USD 805–825/ton EXW in the Midwest.
Imported prices, which were at USD 720–740/ton DDP Houston levels at the beginning of June, rose to the USD 840–850/ton range by the end of the month, nearly matching domestic prices. This development has brought imports almost to a halt and made it easier for domestic producers to maintain their prices. However, this price strength is supported not by strong end-demand but by limited supply conditions. Inventory levels remain low across all regions, and producers are taking a very firm stance in their offers.
The scrap market has also maintained stability since June. No.1 busheling scrap is trading at USD 425/lt, while shredded scrap is around USD 380/lt. Limited supply during the summer months is keeping prices steady. Meanwhile, due to low buying appetite from Turkish producers, U.S. exporters have turned their focus to the domestic market.
In conclusion, the U.S. rebar market is currently maintaining high price levels supported by supply discipline and import restrictions. However, weak trends in the housing sector and low demand indicators limit upward potential. The factor sustaining current prices is not strong consumption but rather controlled production and cost management. Unless demand recovers in the near future, it is likely that current levels will be maintained.
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