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    March 9, 2023

    Steel Imports Down Sharply Through February: Import License Data

    Written by David Schollaert

    February license data indicate that steel imports will have totaled 2.19 million net tons last month, down 16.2% from January. February levels are also down 13.8% when compared to the previous 12-month average.

    Recall that monthly import levels declined nearly 17% month on month (MoM) in November, before rebounding in December and January. February figures are now down nearly 29% compared to March 2022’s 26-month high of 3.09 million tons.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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