October Imports at Yearly High

Final October import data was released earlier this week, showing total imports for the month at 3,101,063 net tons (2,813,240 metric tons). This figure is the highest tonnage seen since April 2012 when imports were 3,144,947 NT (2,853,051 MT). Total October imports are well above both the 3 and 12 month-moving-averages (MMA). Compared to September, October imports are up 9.98 percent.

Based on Preliminary License Data, November imports are forecast to drop significantly to approximately 2,574,959 net tons which is 226,104 net tons lower than the October final total.

Brett Linton

Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.