Cheap rebar imports hit mills’ margins

Nov 19, 2013 | 05:49 PM | Samuel Frizell

Tags  steel, rebar, International Trade Commission, ITC, Commerce Department, rebar trade case, margins, operating income Shara Aranoff

NEW YORK — U.S. rebar producers’ margins on operating income fell in the first six months of 2013 compared with the same period last year, according to a report released by the International Trade Commission (ITC), as domestic producers lost market share to importers.

The industry’s margins on operating income were 3.7 percent in the first six months of the year, down from 5.4 percent in the same year-ago period. Unit operating income for domestic mills was $23 per ton of rebar sold compared with $36 per ton in the same comparison. ....

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