Rebar final imports to the US were down 19.0% year to date (YTD), year on year (y/y), totaling 1,250,961 tons for the eight months ending August 2017. August rebar imports were 66,220 tons, 57.7% lower than the YTD average of 156,370 tons.
Figure 1 charts the largest exporting countries in rank order on a YTD basis through August for both 2016 and 2017. Turkey is by far the largest exporter at 880,644 tons, down 18.9% YTD y/y. Turkish imports account for 70.4% of the total thus far in 2017, the same percentage as YTD 2016. August’s Turkish imports measured 10,985 tons down 90.0% from its YTD average of 110,080 tons. Portugal was the second largest exporter with 96,074 tons YTD, up from just 2,490 tons YTD 2016. Portugal’s August rebar exports were 14,271 tons 18.8% higher than its YTD average of 12,009 tons. Vietnam is a new entrant with 52,190 tons YTD, up from zero tons YTD 2016. Vietnam shipped zero tons in January and July, but was back in August with 5,308 tons. Its YTD average through eight months was 6,524 tons. Peru ranked fourth largest for rebar exports with a YTD total of 36,519 tons, up 41.1% y/y. Peru has only sent tons to the U.S. in February and June.
Italy has been an active rebar exporter over the last three months, (zero tons January through May) shipping 31,007 tons YTD up from just 19 tons YTD2016. Italy’s August shipments were 12,964 tons. Japan exported 26,634 tons, down 88.6% YTD y/y. Through August of last year, Japan had exported 233,520 tons of rebar to the U.S. Japan has not exported any rebar tons since February of this year. The Dominican Republic with 20,408 tons, was up 28.3% YTD y/y. August tonnage was 2,659 tons, 4.2% more than its YTD average. Taiwan sent 19,991 tons of rebar to the U.S. through August of this year, 78.7% less than for the same period last year. Taiwan exported zero tons in August, after sending 9,558 tons in July. Taiwan has only exported rebar tons in three of the eight months thus far this year.
Russia showed-up in August with 16,395 tons, its first shipment this year. Year to date last year Russian shipments totaled 22,129 tons. Brazil brought-in 15,894 tons of rebar to the U.S. market, a decrease of 21.4% YTD y/y. June, (5,553 tons) and August, (10,342 tons) were the only shipments for 2017. Spain’s rebar exports were also only for June, (818) and August, (15,068) YTD 2017. This was a 151% y/y increase over the same timeframe in 2016. Canada exported 15,114 tons YTD, a 36.9% y/y increase. August exports were 385 tons, well below its 1,889 ton YTD average.
There were 14 additional countries that exported rebar to the US thus far in 2017. The combined total was 19,892 tons or 1.6%. The 18 country total for August was 3,257 tons.
Houston/Galveston was the port that took in the most tons, (35.6% of total shipments YTD) with 454,564, down 22.5% YTD y/y. New Orleans offloaded 233,007 tons YTD, off 8.3% y/y. Philadelphia held the number three spot with 151,594 tons, gaining 20.1% YTD y/y. Miami was the next largest port bringing in 135,865 tons YTD, down 38.7% y/y. Tampa saw a 54.8% YTD y/y increase, receiving 58,155 tons.
Boston ranked 6th largest YTD in 2017 bringing in 57,086 tons, up 65.3%, y/y. San Juan PR took-in 49,679 tons, an increase of 4.5%, YTD y/y. San Francisco took-in 35,823 tons YTD, down 67.7% y/y. Baltimore was next with 32,622 tons, falling 11.0% YTD y/y. Los Angeles ranked 10th with 23,491 tons, plummeting 66.7% YTD y/y.
Seventeen additional ports combined to offload 28,054 tons of rebar YTD 2017, 27.9% more than the 21,930 tons YTD 2016.
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