Supply Chain Research

The U.S. ITC has ruled that U.S. steel manufacturers were materially injured by steel rebar exports from Turkey and Japan. That allows duties of 24% to be applied to Turkish exports. Those fell 66% in April vs. March, but may fall further as they are still 29% higher than a year earlier. Japanese exports were zero. Complainants including Nucor also gain as the average import value per ton increased 43% from its low a year earlier. That will, inevitably, increase costs for builders and other users of rebar. This is one of 18 active steel cases being considered, with more likely to follow ...