Steel Products Prices North America
March 24, 2015
February Foreign Steel Imports at 3.6 Million Tons
Written by John Packard
The U.S. Department of Commerce released Preliminary Census data for February 2015 foreign steel imports into the United States. Based on the latest release imports for the month of February, 3,583,566 net tons were imported (note: the US DOC releases the data in metric tons and SMU converts to net tons for our readers).
Foreign steel imports have been rising as the value of the dollar increases making exporting steel to the U.S. attractive to other countries. With market prices dropping faster than the foreign steel can arrive we are finding many customers saddled with high priced foreign steel which needs to be worked off.
