CRU
July 3, 2025
CRU: Excessive global supply could hit rebar mill investments in US
Written by Alexandra Anderson
Following the onset of the war in Ukraine in March 2022, concerns about import availability and expectations of rising demand from President Biden’s Infrastructure Bill pushed US rebar prices to record highs. In response, a flurry of new mills and capacity expansions were announced to meet the rise in demand from growth in the construction sector.
Three years later, stronger end-use consumption has been slow to materialize, and President Trump’s rapid changes to tariffs and trade policy have muddied the economic outlook. Revisions to Section 232 have leveled the playing field in terms of imports, and some countries that were only occasionally present in the US market are starting to gain market share.
