Chinese wire rod imports spike
Aug 19, 2013 | 06:53 PM
| Samuel Frizell
NEW YORK Wire rod imports from China have surged to more than 244,000 tonnes in the first half of 2013, more than double the volume in the same period last year, replacing Turkey as the largest offshore supplier to the United States, according to U.S. Census Bureau data analyzed by AMM.
Wire rod mills, traders and buyers spoke of a large influx of Chinese material earlier this year, and Chinese rod imports spiked in May and June, triggering alarm among U.S. mills that imports would put pressure on domestic margins (amm.com, May 17).
Census Bureau data analyzed by AMM shows that U.S. imports of Chinese wire rod in the first half of this year exceeded Chinas full-year 2012 total of 219,271 tonnes. ....
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