Due to fierce competition in the domestic market and imported resources offer lower, recent US southeastern rebar prices continue to dip.

Currently, the US southeastern rebar ex-factory price is USD 500-545 / short ton. Fell by USD10-15 / short ton over last month, Florida prices may have fallen below USD500 / short ton.

Overall, local resources is difficult to compete with imported resources, steel mills are likely to continue lower offer, also the pre-purchase of imported resources coming to the port recently, due to higher previous price, the current price is not competitive, buyers need more time to digest resources, in a short-term downward pressure on the US southeastern rebar market hard to cut.

                                      XINSTEEL NEWS