Steel Products Prices North America
April 29, 2014
Final April Import Projection
Written by John Packard
Each week during the month Steel Market Update (SMU) checks the license data from the U.S. Department of Commerce regarding imports of foreign steel. Based on the data compiled each week we then project where we think imports will end up at the end of the month. April license data is suggesting we could see the largest influx of imports since before the beginning of the Great Recession.
The license data numbers are usually updated late in the day on Tuesdays. Based on the license data for the first 29 days of April, the expectation is imports will total approximately 3.5 million tons for the month of April. However, we projected 3.5 million tons for the month of March but when the Preliminary Census numbers came in the total was closer to 3.2 million than the 3.5 million tons.
