Steel Products Prices North America
March 9, 2018
SIMA: Steel Imports on the Decline Through February
Written by Peter Wright
Total rolled steel imports declined by 14.8 percent, and sheet products by 13.6 percent, in the three months through February compared to the prior three-month period, according to Steel Market Update’s analysis of federal Steel Import Monitoring and Analysis (SIMA) data.
This is the second edition of our new and expanded import report that now includes all major steel sectors: sheet, plate, longs and tubulars, with a total of 18 subsectors. In the next week, we will publish our first import market share analysis for the same 18 steel product groups. Together, this import report plus the import share report should give an accurate view of the effect of the Section 232 trade legislation. See the end of this piece for an explanation of the methodology. All volumes in this analysis are reported in short tons. We use three-month moving averages rather than single-month results to smooth out the variability.
