Steel Products Prices North America
September 21, 2016
September Foreign Steel Imports Trending Toward 3+ Million Ton Month
Written by John Packard
License requests for steel coming from foreign sources are continuing at a pace where steel imports for the month of September will exceed 3 million tons. On Tuesday the U.S. Department of Commerce released the latest license data. The data is indicating a rising trend in total foreign steel imports (all products), hot rolled, cold rolled, galvanized, Galvalume as well as semi-finished steels, OCTG and coiled plate (see below).
Again, we need to remember that the numbers being presented for the month of September are based on license data through the 20th of the month. The trend is for the month to exceed 3 million tons (perhaps as high as 3.3 million tons) but the actual final number could vary by 200,000 tons (+/-).
