Steel Products Prices North America
Final March Steel Imports at 1.75 Million Tons
Written by Brett Linton
May 7, 2020
Recently updated license data shows final March steel imports totaling 1.75 million net tons, according to the U.S. Department of Commerce. This is just 1,400 tons over the preliminary March import figures reported last week.
Unchanged over what SMU published last week, finished imports in March were 1.5 million tons, up 12 percent over the previous month. Nearly 230,000 tons of semifinished products were imported in March (mostly slabs), up 50 percent over February.
April import licenses rose to nearly 3.0 million tons, with 1.6 million tons being semifinished and 1.4 million tons being finished products.
Note: The January, April, July, and October import figures are unusually high as a result of buyers seeking to max out quarterly quota limits on semifinished products. For the remainder of each quarter, final semifinished imports are significantly lower. Due to these month-to-month swings, SMU has ceased monthly import “trending” projections and now only shows unadjusted figures as reported by the Commerce Department.
The three graphics below show total steel imports through April census data. To provide the most clarity, we are only showing a limited time line in each graphic. To see a greater data history and utilize our interactive graphing features, you can visit our website. Contact us at info@SteelMarketUpdate.com if you have any questions.
Brett Linton
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