Steel Imports Decline to $2.7B in May

WASHINGTON, D.C. – The U.S. Census Bureau announced today that preliminary May steel imports were $2.7 billion (2.6 million metric tons) compared to the preliminary April totals of $3.1 billion (3.4 million metric tons).

The May change in steel imports based on metric tonnage reflected decreases primarily in blooms, billets, and slabs.

Increases occurred in wire rods, tin free steel, and steel piling. Decreases occurred primarily with Korea and Russia.

Increases occurred primarily with Japan, Ukraine, and the Netherlands.

The year to date final statistics through April 2018 showed steel imports of 11.3 million metric tons compared with 11.2 million metric tons through April 2017.
The largest commodity increases occurred primarily in hot rolled sheets and oil country goods. Decreases occurred primarily in reinforcing bars, wire rods and
cold rolled sheets.
The largest country increases occurred primarily with Canada and Korea. Decreases
occurred primarily with Turkey.

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