Steel Products Prices North America
September 15, 2015
September Foreign Steel Imports Trending Below 3.0 Million Tons
Written by John Packard
The U.S. Department of Commerce released the latest license data for the month of September through the 15th of September late this afternoon. For the first time in many months we are seeing a large change in the license requests at this point in the month. Earlier this month it appeared that licenses were trending toward a continuation of the 3.0 million plus tonnage levels (all products). As of today that has dropped to 2.8 million tons (trend) and we could see these numbers move lower if the trend continues.
We remind our readers that license data is not the final numbers and the variance between license data, especially in the middle of a month, and the final numbers can be very large. What we are looking for is a change in the trend (direction) which we follow not only by total tonnage but also by key flat rolled, plate and pipe products.
