Steel Products Prices North America
November 10, 2015
First Look at November Import Licenses
Written by John Packard
The U.S. Department of Commerce released import license data this afternoon. Steel Market Update reviews the data and compares it against previous months’ data at the same point in time during the month. What we are concentrating on are the four flat rolled items involved in the ongoing trade cases (AD/CVD).
We are seeing a downward trend in cold rolled which has been slowing over the past few months. Galvanized (which just had preliminary determination and critical circumstances announcements) is also seeing license requests slowing. When looking at hot rolled, license requests have tapered off so far this month after surging last month. It is too early to call the lower numbers as the beginning of a longer term trend but, that is the expectation as CVD and AD announcements (along with critical circumstances) are coming for HR over the next couple of months.
