Rebar Prices Headed Up After USITC Ruling

The prices of reinforcing steel for highway and other concrete construction projects will likely head up in the new year, following the U. S. International Trade Commission’s November 3 ruling that imports from Japan, Taiwan and Turkey are being dumped in the U. S. by these foreign steel producers. According to the ruling, the $854.1 million in foreign rebar imports represent almost 20% of U. S. reinforcing steel consumption.

Expect countervailing import duties on foreign rebar to be imposed early next year, leading to increasing prices on both foreign and domestic reinforcing steel products in February or March 2017.