Steel Products Prices North America
August 20, 2015
August Imports Trending Toward Another 3 Million+ Ton Month
Written by John Packard
On Wednesday of this week the U.S. Department of Commerce updated license data for foreign steel imports for the months of July and August. Based on only 18 days worth of data, August imports are trending toward another 3.0 million net ton month. The current trend line is for total steel imports for August to be approximately 3.2 million tons but we think that number will pull back slightly as the month progresses. The last time the U.S. saw monthly imports less than 3.0 million tons was December 2013 when imports totaled 2.5 million tons.
July license data continues to indicate the month will come in at 3.3 million net tons (+/- 100,000 tons). Preliminary Census data is due to be released on August 24th for the month of July.
