Analysis
March 28, 2024
February imports ease from seven-month high
Written by Brett Linton
After reaching a seven-month high in January, steel imports fell back 3% in February, according to preliminary Census data released earlier this week. Though down month on month (m/m), February imports were strong compared to levels seen over the past few months, with the second-highest rate recorded since June 2023.
The US Commerce Department’s preliminary count shows 2.47 million short tons (st) of steel products entered the country last month. February levels were down from 2.55 million st in the first month of the year, but up from 2.10 million st in December 2023.
