Rebar final imports to the US in February were up 21.1% year to date (YTD), year on year (y/y), totaling 385,614 tons for the two months ending February 2017. On a month over month comparison, rebar imports fell 26.3%.

rebar-license-fig1Figure 1 charts the largest exporting countries in rank order on a YTD basis through February for both 2016 and 2017. Turkey is by far the largest exporter at 312,225 tons, up 26.8% YTD y/y. Turkish imports account for 80.9% of the total thus far in 2017.  Japan was the next largest with 26,634 tons, down 49.9% YTD y/y, followed by Peru with 17,672 tons. Peru did not export any rebar to the US during the first two months of 2016. Canadian rebar exports surged from 204 tons YTD in 2016 to 10,856 tons YTD in 2017. The remaining 10 countries rebar exports totaled approximately 18,227 tons or 4.7% of the total YTD.

Houston/Galveston was the port that took in the most tons, 136,642, +31.6% YTD y/y, followed by New Orleans offloading 74,051 tons YTD, up 8.4% YTD y/y. Philadelphia held the number three spot with 50,216 tons, up 284% YTD y/y. Miami was the next largest port bringing in 46,929 ton YTD, up 88.6% YTD y/y. Tampa saw a 165% YTD y/y increase receiving 23,681 tons. Boston was the sixth largest port YTD in 2017 bringing in 17,459. Boston did not import any tons YTD in 2016.

rebar-license-fig2Figure 2 shows total rebar licenses through April for both 2016 and 2017 as well as the average unit value (AUV), as reported by the Steel Import Monitoring System (SIMA). Total requested licenses for rebar imports in April was 149,867 tons down from the 236,755 ton level in March and down from April 2016 requests for 157,701 tons. Turkey’s request for 146,376 tons of licenses in April overshadows all other countries combined accounting for 97.7% of the total license requests for the month.

At Gerdau we closely follow trade in long products steel since it has a profound impact on domestic market share and material pricing. We want you, our valued customers to have access to current information that can help you better plan and operate your businesses.