Steel Products Prices North America
August 26, 2014
July Foreign Steel Imports Reach 3.8 Million Net Tons
Written by John Packard
Falls Church, Va. August 26, 2014. Steel imports into the United States continued to grow in July, expanding by more than 6 percent from June and nearly 56 percent from a year earlier.
July imports totaled 3.8 million net tons, 221,000 net tons more than in June. Imports from South Korea and Russia showed the greatest growth, with the former expanding 27.5 percent to 584,000 net tons and the latter 135 percent to 363,000 net tons. Compared to July 2013, Korean imports were up 144 percent and Russian imports jumped 322 percent. Notwithstanding the overall increase, imports from several major U.S. trading partners were down in July: the European Union 1.3 percent to 634,000 net tons; Canada 2.6 percent to 527,000 net tons; Brazil 5.4 percent to 440,000 net tons, and Mexico 27.7 percent to 294,000 net tons.
