Steel Products Prices North America
June 18, 2014
June Import License Data Continues to Point to 3.5+ Million Tons
Written by John Packard
Based on the most recent import license data produced by the U.S. Department of Commerce, imports continue to be on pace to meet, or exceed, 3.5 million net tons. This would be the 3rd month in a row where foreign steel imports were at 3.5 million tons or above.
Since the beginning of the year we have seen foreign steel imports (all products) at, or above, 3.2 million net tons each and every month. If this trend were to continue and the U.S. averages 3.2 million net tons of imports during this calendar year, we would reach 42 million net tons for the year. An extremely high number especially when considering the economy compared to 2006 when we reached 39 million net tons.
