Steel Products Prices North America
January 12, 2017
2016 Foreign Steel Imports Down 14.7% YOY
Written by John Packard
The U.S. Department of Commerce (DOC) has released Final Census numbers on foreign steel imported into the United States through November 2016 and has updated license data for the month of December 2016. This provides us with our first look at imports for the year so we can do a comparison against 2015 to see what trends have changes, especially considering the antidumping (AD) and countervailing duty (CVD) trade cases as well as the circumvention suit against China/Vietnam.
In 2015 total steel imports were 38,739,137 net tons (all products). This year, using license data numbers for December and Final Census numbers for the rest of the year, U.S. imports will be approximately 33,042,000 net tons. Imports are down by 5,696,621 net tons less or 14.7 percent lower in 2016 versus 2015.
