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    January Import License Data Suggest Another Big Month of Foreign Steel

    Written by Brett Linton


    The U.S. Department of Commerce updated its import license data earlier today. January import levels continue to be at very high levels compared to November and December and very similar to what we saw in September when imports totaled 3.9 million net tons. The daily rate is about 10,000 tons per day higher than November when we saw total imports at 3.694 million tons. Based on this data through the 20th of January we believe total imports will come in between those two numbers – 3.694 to 3.9 million tons.

    Semi-finished imports appear they will be lower than September, October and November and similar to December.

    Brett Linton

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    Mills seek more scrap after lower prices fail to attract tons

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