Steel Products Prices North America
January 14, 2016
January Imports Trending Toward Low 2 Million Tons
Written by John Packard
The U.S. Department of Commerce updated January 2016 foreign steel import license data earlier this week. For a number of months Steel Market Update has been comparing the data to see how the current month’s numbers compare to prior months in an effort to get a better handle on the trend.
January’s number may be quite telling as we generally see a swell of licenses earlier in the month and if that trend remains the same January may be the first month to come in at the low 2 million net ton level.
