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    Analysis

    February 27, 2024

    January imports rally to a seven-month high

    Written by David Schollaert

    January’s import level was even higher than an earlier license count had suggested, making it the highest month for imports since June 2023.

    The US Commerce Department’s preliminary count shows 2,547,981 short tons (st) of steel products entered the country in the first month of 2024. This was a 22% increase from December’s final tally of 2,096,039 st but a 2.4% drop from January 2023.

    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.

    Read more from David Schollaert

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