Steel Products Prices North America
March 29, 2016
March Imports Trending Toward 1 Million Fewer Tons than Last Year
Written by John Packard
When looking at the import license data it is important to put the data into some sort of context. At this time, SMU expects March 2016 foreign steel imports to total 2.4-2.6 million tons. If correct, March foreign steel imports would be higher than the month of February Preliminary Census numbers by approximately 300,000 tons. Foreign steel imports totaled 3,615,960 net tons during March 2015.
In the table provided below SMU has extended the daily average rate for licenses through the 29th of March to come up with the “Trending” number referenced. We are of the opinion that when all the dust settles the final March total will be a couple of hundred thousand tons less than our trending number.
