Steel Products Prices North America
June 1, 2021
April Steel Imports Rise to Nine-Month High
Written by Brett Linton
Preliminary Census data shows that total foreign steel imports rose 14% from March to April, up to 2.64 million tons, as U.S. buyers sought relief from climbing domestic prices and limited supplies. This is the highest total monthly import level seen since July 2020 when imports were 2.71 million tons.
Import licenses currently for May are at 2.52 million tons, down 4% from April, but up 9% over March. For comparison, the average monthly import level for 2020 was 1.84 million tons, down from 2.32 million tons in 2019 and 2.81 million tons in 2018.
