Steel Products Prices North America
July 12, 2017
First Look at July Steel Imports
Written by John Packard
The U.S. Department of Commerce (DOC) released license data for the month of June as well as the first 11 days of July. The bottom line is imports of foreign steel into the U.S. continue to be worrisome (to the domestic steel mills) and the early trend is for July 2017 to be another three million plus ton month.
June imports, based on license data, are being reported at 3.9 million tons. Finished steel imports (less slabs/billets) are being reported as being 3.1 million tons. During the month of June we saw very high imports of OCTG (oil country tubular goods), hot rolled, coiled plate, cold rolled, galvanized and Galvalume. Each product exceeded both their 12-month and 3-month moving averages.
