Steel Products Prices North America
November 9, 2017
October Foreign Steel Imports at 3.1 Million Tons
Written by John Packard
Foreign steel imports for the month of October 2017 were just over three million net tons, based on the license data released by the U.S. Department of Commerce (DOC) earlier this week. The 3,110,002 net tons were essentially unchanged from the Final Census Data released for the month of September when the U.S. imported 3,086,196 net tons.
Finished steel imports totaled 2,499,129 net tons with the balance of the 3.1 million consisting of 610,874 net tons of semi-finished steels (mostly slabs). As you can see by the graphic below provided by the U.S. Department of Commerce, foreign steel imports have been consistently above the 2016 average beginning in March. We will discuss why that occurred and when it may return to more “normal” levels in this article, as well as other articles in today’s edition of Steel Market Update.
