Rebar imports eye post-summer fall

Apr 23, 2012 | 02:41 PM | Catherine Ngai

Tags  rebar, steel imports, reinforcing bar, traders, steel prices, Catherine Ngai

NEW YORK — U.S. reinforcing bar imports will continue to be strong into the summer due to orders booked in early 2012, buyers and traders said. But those numbers could drop in the fall as the market is now seeing fewer competitive offers.

"There’s a big risk about imports right now," one buyer said. "When we talk about rebar, we’re talking about July (delivery) and it’s still April. Not many people want to buy product three to four months out when the waters ahead are murky."....

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