Steel Products Prices North America
March 3, 2016
February Imports at Lowest Levels Since December 2011
Written by John Packard
Steel Market Update had to go back into our records to dig out when foreign steel imports were reported to be less than 2.3 million net tons. The reason we were searching was based on our analysis of the U.S. Department of Commerce foreign steel import license data released earlier this week.
Based on license data collected through the 1st of March, February imports are expected to be 2.3 million net tons. The last time the United States saw imports that low (or lower) was December 2011 when 2,064,143 net tons were reported.
