Steel Products Prices North America
November 17, 2016
Flat, Long, and Semi-Finished Imports through October 2016
Written by Peter Wright
Licensed data for October was reported by the Steel Import Monitoring System of the US Commerce Department on November 8th. An explanation of the methodology that we at SMU use to analyze the trade data is given at the end of this piece.
All volumes in this analysis are reported in short tons. Total rolled product licensed imports in the single month of October were 2,165,303 tons with a three month moving average (3MMA) of 2,161,695 tons. We prefer not to dwell on single months results because of the extreme variability that can occur in individual products. Unusually, this month they are about the same. In the comments below we use only three month moving averages because normally this presents a more representative picture.
