Steel Products Prices North America
December 17, 2015
December Steel Import Trend Analysis
Written by John Packard
Late Tuesday afternoon the U.S. Department of Commerce released updated import license data for December. Based on the data through the first 15 days of the month it appears December imports will be very similar to November. We remind our readers that license data this early in the month should be taken with a grain of salt and not literally. The final numbers can vary. What the license data does show is the trend and we found some interesting things in the numbers.
We are seeing a sharp drop in OCTG (oil country tubular goods) which was anticipated due to the weakness in the energy markets where OCTG is used.
