Steel Products Prices North America
October 6, 2015
Imports: August Final 3.0 Million, September 2.8 Million
Written by John Packard
The U.S. Department of Commerce released new license data for the month of September and the latest number for foreign steel imports is 2,891,217 tons (net tons). September appears poised to drop 224,000 tons below the August number. The September license data was released at the same time the US DOC reported Final Census Data for the month of August and it came in at 3,061,381 tons – 220,000 tons less than July.
We are finally starting to see imports drop on a steady basis. Are we are seeing evidence of the trade suits or are we actually seeing evidence of the slowdown in demand on certain products (such as OCTG which is down to 94,620 tons in September, well below the 12 month moving average of 269,092 tons)?
