April Steel Imports Trending Toward 3.5 Million Ton Month

A reminder to our readers, the April import numbers shown below are produced by taking the daily license rate for the first 17 days of the month and then applying that rate to the full month. That gives us the “trend,” and as the month progresses we will be better able to see whether the trend is lower or higher than the actual census numbers, which are produced well after each month has closed.

Listed below are the countries that currently have exclusions and what they have already requested for licenses for the month of April 2018 (all products). We are not extrapolating a full month number. We are providing the data as collected by the Department of Commerce and reported on their website:

• Canada = 293,000 net tons

• Mexico = 172,000 net tons

• Korea =  201,000 net tons

• Australia = 24,000 net tons

• Argentina = 8,000 net tons

• Brazil = 285,000 net tons

• EU = 219,000 net ton

Total of Above= 1,202,000 net tons (trending toward 2.2 million of the 3.5 million shown in table)

The European Union countries are: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Spain, Sweden and the United Kingdom.