Steel Products Prices North America
June 9, 2015
First Look at June Steel Import "TREND"
Written by John Packard
OK, everyone is looking for signs from the steel gods to see if (or when) foreign steel imports would begin to back off from the record high levels seen every month this year. So, we will tempt fate and show our readers a small sign. The US Department of Commerce released license data this afternoon through the 9 days of June. The data is obviously very early and can easily surprise in one direction or the other. But, we wanted to analyze the data to see how it compared to February, March, April and May as of the second week of the month.
The table below shows each of those months and what the daily tonnage average was at this point in the month (net tons). As you can see February had the highest daily average at this point in the month at 185,070 tons per day. The other four months were fairly consistent at this point around 132,000 tons per day.
