Steel Products Prices North America
November 6, 2014
2014 On Pace to Blow Out Steel Import Records
Written by John Packard
In the AISI press release, which we have republished in this evening’s newsletter, they reported October finished imports as 31 percent of apparent steel supply. They also reported that year to date (YTD) finished steel imports (does not include semi-finished which are slabs, billets and blooms) are estimated to be 28 percent of apparent steel supply.
Steel Market Update was curious to learn more about the AISI numbers and we contacted them this afternoon and asked a couple of questions. We asked them if the 31 percent penetration rate for October was a monthly record. They responded with, “The SIMA finished import percentage for October is one of the highest on record.”
