Prices
April 6, 2020
Final February Foreign Steel Imports at 1.5 Million Tons
Written by Brett Linton
Final February steel import license data was released this week, ending the month at 1.5 million net tons of total steel imports, according to the U.S. Department of Commerce. This is the lowest monthly import level seen since December 2009 when final imports were at 1.4 million tons. OCTG imports have not been this low since September 2016, and cold rolled imports have not been this low since July 2013.
As SMU reported in last week’s preliminary data, finished steel imports in February remained at 1.4 million tons, down over January’s 1.6 million ton level and below the 2019 finished import average of 1.7 million tons. The final February license data shows 150,000 tons of semi-finished product imports (mostly slabs).
