Reprinted from Business Society
To implement the outcomes of the China-U.S. economic and trade consultations, in accordance with the Customs Tariff Law of the People's Republic of China, the Customs Law of the People's Republic of China, the Foreign Trade Law of the People's Republic of China, and other relevant laws, regulations, and fundamental principles of international law, the State Council has approved the suspension of the additional tariffs imposed on imports originating from the United States as stipulated in the “Announcement of the Customs Tariff Commission of the State Council on Imposing Additional Tariffs on Imported Goods Originating from the United States” (Announcement No. 2025-4 the additional tariff measures stipulated in the Announcement of the Customs Tariff Commission of the State Council on Imposing Additional Tariffs on Imported Goods Originating in the United States (Announcement No. 4 of 2025) shall be adjusted. The 24% additional tariff rate on U.S. imports will remain suspended for one year, while the 10% additional tariff rate on U.S. imports will be retained.
This policy suspension of the 24% additional tariff on U.S. imports, retaining only the 10% rate, will significantly reduce the import cost of U.S. rebar (import prices may decrease by approximately 14%-20% after tariff reduction). This will enhance the competitiveness of U.S. rebar exports to China, leading to increased supply in the domestic market. Given that China is the world's largest rebar producer, increased imports may exacerbate oversupply risks and exert downward pressure on domestic spot prices. Simultaneously, market expectations of ample supply could dampen steel mills' willingness to raise prices. Overall, this policy constitutes a strong bearish factor for rebar spot prices.
Below is a summary of key information and an assessment of rebar price trends:
1. Direct Impact of Tariff Adjustments on Rebar Prices
Reduced Export Costs
Effective November 10, 2025, China suspended the 24% tariff component of its additional tariffs on U.S. imports, retaining only the 10% tariff. This reduces China's steel export costs, theoretically enhancing export competitiveness and providing some support for rebar prices. However, the actual impact depends on global market demand and the evolution of trade friction.
Improved Market Sentiment and Expectations
The tariff easing temporarily alleviates market concerns over trade friction, boosting confidence and driving a short-term rebound in steel prices. For instance, following the China-U.S. talks on October 30, 2025, rebar futures experienced a volatile rebound, reflecting positive market expectations for an improved trade environment.
2. Current Rebar Price Trends and Influencing Factors
Recent Price Performance
On November 5, 2025, the main rebar futures contract declined, while spot prices in some cities saw slight drops. Despite tariff adjustments benefiting exports, the market remains constrained by weak demand and inventory pressures.
Post time: Nov-07-2025
