Steel Products Prices North America
June 15, 2017
Foreign Steel License Data Shows Imports Trending Up
Written by John Packard
The U.S. Department of Commerce reported foreign steel import data earlier this week. Based on license data through June 13, foreign steel imports are on track to once again top 3 million net tons. This would be the fourth consecutive month of imports reaching the 3 million ton mark.
Steel Market Update (SMU) looks at the license data in two ways. We project an end-of-month total based on the daily license rate (now through 13 days only), and we look at how the license totals to date compare against previous months (see table below).
