Earlier this month the U.S. Department of Commerce released Final Census Data for the month of June. We found foreign steel imports were at the lowest level seen since 2012 at just under 2.5 million net tons. Finished steel imports totaled 1,886,767 net tons with all but coated steels seeing reductions.
When looking at the import license data for July it appears there will be a significant jump in imports as the trend is for 3.1 million net tons. Basically, every single item we follow is showing an increase in tonnage over June levels, and close to the 12-month moving average. There is a large move in slabs (semifinished) at more than 800,000 net tons.
Brett LintonRead more from Brett Linton
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