Steel Products Prices North America
April 27, 2015
April Steel Imports Trending at 3.3 Million Tons
Written by John Packard
Steel Market Update reviews the weekly steel import license data as reported by the US Department of Commerce. License data can be quite volatile and we only use the reports as a way of evaluating any changes in tonnage or product trends. The closer we get to the end of the month the better the data becomes. However, using last month as an example, the Preliminary Census Data came in 200,000 tons less than what the license data was suggesting, even after the month had ended.
Based on data released this afternoon, total steel imports are trending toward a 3.3 million net ton month. SMU believes the final number could range anywhere from 3.1 million to 3.4 million tons.
