Steel Products Prices North America
December 13, 2016
November & December Foreign Steel Import Analysis
Written by John Packard
November import license data is suggesting the month will come in just shy 3.0 million net tons (2.9 million net tons). The U.S. Department of Commerce updated their import monitoring system this afternoon and the early trend for December as for the month to end up around 3.1 million tons.
SMU believes the 3.1 million net tons is overstating the true strength of the market and the true December number will be closer to the October number than the November number.
