February US steel imports expected to remain raisedFebruary steel imports are anticipated to hold at raised degrees seen in January, which was already a near 27% increase from December, according to Department of Business data that was upgraded Tuesday.
The US had 2.9 million mt of steel products certified to be imported in February, up almost 1% from 2.88 million mt in January. In December, the United States imported 2.27 million mt of steel products, finalized Business information says.
Factoring in February import licenses, US steel imports in the very first two months of 2014 are anticipated to total 5.78 million mt, up 24% from 4.65 million mt imported in the same two-month duration a year ago.
Plate products are anticipated to have actually spiked in February, while rebar as well as wire rod imports apparently went down month on month.
In February, carbon and also alloy reduced plate imports are slated to leap 69% to 97,447 mt, contrasting February import licenses to preliminary Census Bureau information for January. At the very same time, curled plate imports might have expanded 18% to 158,140 mt. Much of the rise in coiled plate imports can be credited to the 41,608 mt of Indian plate accredited for February, which would be the very first shipment from India since February 2013.
After rising 168% in January, United States rebar imports are expected to decrease 58% in February to 81,121 mt. Licensed wire pole imports of 87,873 mt additionally stand for a 32% decrease in imports month on month.
Import licenses for carbon and alloy semi-finished steel rose 24% to 846,033 mt in February. Brazil, the biggest exporter of semi-finished steel products to the US in January, raised its deliveries of semis by 32% to 346,657 mt. The UK, which does not typically export much semi-finished steel to the US, had 107,572 mt licensed for February, up from 74 mt in January.
The most imported finished steel product in February was Oil Country Tubular Product, with 275,659 mt certified, yet this is down 7.4% from January's initial count.
Imports from Brazil are anticipated to be up 23%, while imports from Russia apparently rose 7%. HEDP 60 to the US dropped almost 8% month on month, while qualified steel products from Canada and also Mexico dropped 18% and also 12%, specifically.
The American Iron and Steel Institute reported that completed steel import market share year to date has been 25%.
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