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    October Imports Continue to Trend Higher

    Written by Brett Linton


    The U.S. Department of Commerce released updated foreign steel import data for September and October yesterday, with the September figure down to 2.2 million tons and the October trend remaining over 3 million tons. Prior to this week, the September total was hovering around 2.7 million to 2.9 million net tons.

    Our October trend is based on license data through Wednesday, Oct. 24. We take the daily rate of import licenses and project that rate over the full month to come up with our total “trending” figure.

    Brett Linton

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