China rod/bar import confusion fades
Aug 22, 2014 | 05:01 PM
| Nat Rudarakanchana
NEW YORK U.S. imports of Chinese hot-rolled bar have plummeted from year-ago levels, mirroring a decline in Chinese wire rod imports, and market sources said the issue of misclassified material has become less of a problem this year.
Imports of Chinese hot-rolled bar from May to July fell to an average of 5,688 tonnes per month vs. an average of 35,252 tonnes from August 2013 to April, according to data from the U.S. Commerce Department. That represents an 84-percent decline, the only recent notable decrease in steel import trends, according to an analysis by Commerce.
The fall has mirrored declines in Chinese wire rod imports, after U.S. steelmakers won initial victories in a trade case (amm.com, July 1).....
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