This Morning in Metals: Steel rebar imports from Turkey jump 451%
Agmetalminer - This morning in metals news, U.S. imports of steel rebar from Turkey surged during the first quarter of this year, the coronavirus outbreak is impacting the stainless steel market and investors are bullish about the long-term prospects of Brazilian miner Vale.
U.S. steel rebar imports from Turkey surge 451%
According to recent trend data from the Steel Import Monitoring Analysis (SIMA) system, U.S. steel rebar imports from Turkey jumped 451% during the January-March 2020 period (compared to the April-December 2019 period).
On a monthly average basis, the U.S. imported 45,092 tons of rebar during Q1 2020, compared with 8,180 tons per month during the nine-month period in 2019.