9,062.36 TL BIST 100 BIST 100
4.36 CNY CNY CNY
31.22 $ USD USD
€33.83 EUR EUR
0.13 CNY CNY/EUR CNY/EUR
44.64 TL Interest Interest
83.62 $ Fossil Oil Fossil Oil
22.49 $ Silver Silver
3.85 $ Copper Copper
113.88 $ Iron Ore Iron Ore
394.00 $ Ship Dismantling Ship Dismantling
2,041.68 TL Gold (gr) Gold (gr)

US rebar imports plummet in September 2023, Egypt and Algeria lead supply surge

In a significant shift within the steel industry, the United States has witnessed a remarkable 64.1% decline in rebar imports during the month of September and 48.6% lower than the same period in 2022

US rebar imports plummet in September 2023, Egypt and Algeria lead supply surge

In a significant shift within the steel industry, the United States has witnessed a remarkable 64.1% decline in rebar imports during the month of September and 48.6% lower than the same period in 2022, with Egypt and Algeria emerging as the front-runners in this evolving landscape.

The unexpected decline in rebar imports can be attributed to a complex interplay of factors, including changing global trade dynamics, evolving supply chain strategies, and shifts in market demand. In terms of monetary value, the total worth of rebar imports in September 2023 was $33.7 million, marking a significant drop from $93.8 million in August and $82.9 million in September 2022. This latest development, however, has brought newfound prominence to two North African nations, Egypt and Algeria, who have risen to the occasion to fill the void in the US rebar market.

Egypt steel production and export capabilities have expanded significantly, allowing it to step into the limelight as a crucial supplier of rebar to the United States. The surge in Egyptian rebar imports can be attributed to the country's state-of-the-art steel manufacturing facilities and its strategic geographic location, which facilitates efficient trade routes to the US.

During September, the primary source of rebar imports to the United States was Egypt, with 25,329 tons, representing a significant reduction from the 42,178 tons imported in August. Interestingly, there were no rebar imports from Egypt in September 2022. Other notable countries contributing to rebar imports in September include Algeria with 11,467 tons, Mexico with 11,085 tons, and Canada with 6,454 tons.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Ukrzaliznytsia is pledging to restart sales of scrap metal

Thursday, February 29, 2024

Decrease in CRC and HDG prices expected in Europe

Thursday, February 29, 2024

Indonesia and South Africa target increased thermal coal supplies to India

Thursday, February 29, 2024

European steel market this week!

Thursday, February 29, 2024

Taiwan's scrap imports surge in January

Thursday, February 29, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now