Steel Products Prices North America
May 21, 2019
Foreign Steel Imports Trend Lower in May
Written by Brett Linton
U.S. steel imports are trending a bit lower in May after a significant jump in April, according to Steel Market Update’s analysis of Commerce Department license data. With about 10 days left in the month, it appears May imports will approach 2.7 million tons, down from approximately 2.9 million tons in April. May imports are on track to fall in line with the quarterly and yearly averages.
Imports of semi-finished products by domestic mills, which saw a big jump in April, are returning to more typical levels of around 700,000 tons this month.
