Prices
July 8, 2021
Final May Steel Imports at 2.5 Million Tons, June Licenses Near 3 Million
Written by Brett Linton
Final Census data shows that May foreign steel imports totaled 2.53 million tons, down 116,000 tons compared to the month prior, a 4% decline. Although May was down from the month prior, levels remain strong compared to recent months; April imports had reached the highest level seen since July 2020.
Current June import licenses through this week are up to 2.97 million tons, up 17% from May, and up 12% 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.
