Steel Products Prices North America
October 10, 2019
Foreign Steel Imports: Below 2 Million Tons in September
Written by Brett Linton
Preliminary data for the full month of September, based on Commerce Department import licenses, shows that steel imports likely totaled less than 2 million tons last month. This is comparable to the final Census data for August, putting imports for the past two months at well below average.
One notable difference in September–estimated finished steel imports, at less than 1.6 million tons, were well below the 1.8 million tons in August and the average of 1.9 million tons over the past 12 months. With steel prices in the U.S. declining toward new lows for the year, buyers have little incentive to shop for better deals on imports.
