November Imports Trending Toward 2.9 Million Tons

Late Tuesday afternoon the U.S. Department of Commerce released import license data through the 17th of the month. Based on the licenses received during the first 17 days of the month, November is trending toward a similar month, September, at approximately 2.8 million net tons. Remember, this is only a trend based on the license data and not a prediction of the final end of the month census data.

As you can see from the table provided below, we are seeing reductions in all of the flat rolled products named in trade suits. hot rolled is trending toward being 100,000 tons lower than the 12 month moving average, cold rolled about 50,000 tons lower, galvanized almost 150,000 tons lower and Galvalume about 70,000 tons lower.