Steel Products Prices North America
October 26, 2014
September Steel Imports Just Shy 4 Million Tons
Written by John Packard
Total September steel imports were just shy 3.9 million net tons according to the Preliminary Census numbers just released by the U.S. Department of Commerce. Total steel imports were up 5.2 percent over August data, and up 38.0 percent year over year.
Semi-finished imports (mostly slabs) were up 6.3 percent month over month and 47.3 percent year over year. The domestic steel mills (who are the only ones who purchase slabs) accounted for 24 percent of the total imports just through the imports of semi-finished steels. Steel mills also imported hot rolled coil (USS/Posco, Steelscape and CSN) which takes total imports due to the domestic steel mills well above the 24 percent number.
