Steel Products Prices North America
September 5, 2019
August Import Licenses Trending Toward 2.1 Million Ton Month
Written by John Packard
As many of our trading company contacts have been telling SMU, finished steel imports have bottomed at just under 2 million short tons.
Total foreign steel imports for the month of August are forecast to be 2.1 million net tons based on license data released on Tuesday of this week. Only 275,954 net tons are semi-finished steels (mostly slabs) as Brazil, who has been supplying 63 percent of all semi-finished steels since the beginning of the year, had minimal exports of semi to the U.S. during the month due to quota restrictions.
