Prices
June 29, 2021
Preliminary May Imports Down, June Licenses Trending Up
Written by Brett Linton
Preliminary Census data shows that total foreign steel imports declined 5% from April to May to 2.51 million tons. Although down from the month prior, recall that April saw the highest total monthly import level since July 2020, when imports were 2.71 million tons.
June import licenses through the 28th are at 2.76 million tons, already up 10% from May (even though data for June is not yet complete), and up 4% over April. For comparison, the average monthly import level for 2020 was 1.84 million tons, down from 2.32 million tons in 2019 and 2.81 million tons in 2018.
