Prices
August 31, 2021
July Preliminary Steel Imports Surpass 3 Million Tons, 18-Month High
Written by Brett Linton
Preliminary Census data shows that total foreign steel imports increased 3% from June to July, reaching 3.01 million tons. This is now the highest monthly import level of 2021, surpassing the previous month. The last time monthly import levels exceeded this rate was January 2020 when 3.16 million tons of steel entered the country. August import licenses are currently at 2.43 million tons as of Aug. 30, a 19% decline from July and down 17% compared to June.
Total finished imports are preliminarily at 2.14 million tons in July, which would be the highest level seen since January 2019 when they reached 2.46 million tons. Finished steel import licenses for August are currently at 1.87 million tons.
