Market Update
October 2017
The total tonnage for the week ending October 7th was 1,741 million tons, (Mt) at a capacity utilization rate of 74.7%, 1.5 percentage points higher than the previous week.
China Domestic Prices: China Metals Weekly (CMW), September 28th newsletter reported that for the third week in a row, long products prices fell across the board on a week over week basis from.
September 2017
SBQ final imports to the U.S. were up 23.8% year to date (YTD), year on year (y/y), and totaling 318,424 tons for the seven months ending July 2017. July SBQ imports came in at 46,666, 3.0% greater than the 45,293 ton January to June average volume.
Wire rod final imports to the U.S. were up 14.1% year to date (YTD), year on year (y/y), and totaling 1,262,595 tons for the six months ending July 2017. July’s tonnage recorded 183,584 tons, 2.1% higher than the January to June average volume of 179,835 tons
Merchant final imports to the U.S. were up 3.1% year to date (YTD), year on year (y/y), totaling 340,977 tons for the seven months ending July 2017. July merchant imports came in at 41,046, 17.9% greater than the 49,989 ton January to June average volume.
Rebar final imports to the US were down 10.3% year to date (YTD), year on year (y/y), and totaling 1,184,741 tons for the seven months ending July 2017. July rebar imports were 148,692 tons, 13.9% lower than the January to June average.