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    October Preliminary Imports Increase

    Written by Brett Linton


    The U.S. Department of Commerce released preliminary October import figures earlier today, estimating total imports of 3,059,358 net tons (NT). This tonnage is the highest monthly figure since May 2012 when total imports were 3,064,008 NT.

    With the exception of hot rolled products, imports increased month-over-month (MOM) in October for all products in the table below. Looking into projected November figures, it appears that imports will decline on a MOM basis for those same products, with the exception of hot rolled.

    Brett Linton

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    Mills seek more scrap after lower prices fail to attract tons

    Several mills that bought October scrap early last week are still asking for additional supplies, scrap market participants said. The reason: the mills' initial prices did not attract enough of the raw material, they said. A trading source based in northern Ohio said three mills have contacted his firm seeking offers for additional tons. He said the mills asked for offers even if prices were higher than their original buys last week.