Steel Products Prices North America
August 26, 2014
August License Data Pointing Toward 3.8 Million Ton Month
Written by John Packard
Since last week licenses for foreign steel to be imported into the United States during the month of August have retreated slightly and the latest data is now leaning toward import levels to be very close to the just released Preliminary Census number for July of 3.8 million net tons.
At this moment, and I warn our readers that we are somewhat skeptical of relying on license data for specific totals and only using the data as an indicator of the trend for the month. A good example is for the first three weeks of the month the trend was pointing toward a 4.0 million net ton month and now the trend is slightly lower.
