Steel Products Prices North America
June 25, 2015
Imports Slowly Sliding as US DOC Releases May Preliminary Census Data
Written by John Packard
Total steel imports, based on the just released Preliminary Census Data out of the US Department of Commerce, slide lower for the 4th month in a row. May imports are now being referenced as being 3,374,427 net tons (3.065 million metric tons) and we expect Final Census numbers to be very close to this 3.374 million ton number when they are released late next week or early the following week (due to 4th of July Holiday).
January was the biggest month for imports this year and the largest number since October 2014. January imports totaled 4.4 million net tons (3.985 million metric tons) the second highest tonnage seen for foreign steel imports going back to 1997 (October 2014 was the highest with an additional 48,000 net tons more than January 2015).
