Steel Products Prices North America
November 15, 2018
November Steel Imports Trending Below 3 Million Tons
Written by John Packard
The U.S. Department of Commerce has released import license data for the months of October and November through the 13th of the month. October foreign steel imports are expected to reach 3 million net tons on the back of almost 900,000 net tons of semi-finished steels (mostly slabs going to the domestic steel mills). It is still very early to predict the final November tonnage, which at the moment it is running 200,000 tons lower than October.
This is our first report regarding November, which is trending toward 2.8 million net tons. This is slightly lower than the 12-month moving average, but in line with the 3-month moving average.
