Steel Products Prices North America
July 7, 2020
Final May Steel Imports at 1.8 Million Tons, June Licenses at 2.0 Million
Written by Brett Linton
Recently released Census data shows final May steel imports totaled 1.80 million net tons, down 35.1 percent from April, but up 2.8 percent over March, according to the U.S. Department of Commerce. The final May figure is just 9,700 tons higher than the preliminary May import figures SMU reported in late June.
Finished imports in May totaled 1.50 million tons, up 13.6 percent over the previous month, but down 1.3 percent over March. Imports of semifinished products (mostly slabs) were nearly 300,000 tons in May. This contrasts with April when semifinished imports were at 1.45 million tons as the quarterly quotas for those products had reset and is comparable to March semifinished imports at 227,000 tons and February at 151,000 tons.
