Steel Import in the United States to Fall Throughout March

Steel Import in the United States to Fall Throughout March

Steel Import in the United States to Fall Throughout March

  • 28-Apr-2023 6:49 PM
  • Journalist: Bob Duffler

US: The imports of US steel are expected to decline for the tenth consecutive month in March, by more than 1 percent year over year, according to data from import licenses collected by the US Department of Commerce. Approximately 2.45 million metric tonnes (t) of steel are expected to be imported in March, according to the data, though actual volumes may differ from those stated on the import licenses.

In comparison to the million tonnes of imports in March of last year, a decline in import figures is further anticipated during the month of March. The decline in the flat product market is to blame for the decline, especially for hot rolled coil (HRC), which is expected to drop nearly around 40 percent YoY. In addition, imports of cold rolled coil (CRC) are anticipated to fall and imports of hot dipped galvanized (HDG) coil products may also witness a significant dip. There is a chance that the imports of reinforcing bar (rebar) products will fall in March, which would result in the import of about 85,100 metric tons. Additionally, estimates predict that imports of wire rod will decline dramatically.


Track Real Time Prices

Related News

European Hot Rolled Coil Prices Likely to Increase in Upcoming Months Amid Hike in Electricity Cost
  • 24-Aug-2023 4:33 PM
  • Journalist: Emilia Jackson
US Steel Corp Initiates Competitive Bidding War Amidst Slump in Hot Rolled Coil Prices
  • 18-Aug-2023 12:41 PM
  • Journalist: Motoki Sasaki
European Hot Rolled Coil Market Maintains Lower Profit Margin in Mid-July of 2023
  • 24-Jul-2023 12:26 PM
  • Journalist: Timothy Greene
China Steel Corp Increases Prices of Major Steel Products by NT$300 Per Tonne Domestically
  • 18-Jul-2023 11:59 AM
  • Journalist: Nicholas Seifield