Steel Products Prices North America
April 25, 2017
March & April Foreign Steel Imports Surging as Domestic Mills Lead the Way
Written by John Packard
The U.S. Department of Commerce released import license data for April as well as Preliminary Census Data for the month of March. The Preliminary Census Data will be finalized in about a week’s time and usually there are only minimal revisions. March foreign steel imports are being reported as being 3.4 million net tons. This is quite a high number, especially with the number of dumping suits that are in play.
One of the major reasons for the jump in imports are the steel mills themselves. The mills took in 862,092 net tons of slabs/billets during the month of March. The last time we had imports at, or above 860,000 tons was October 2014 when the mills took in 984,827 net tons of semi-finished steels.
