November steel imports tumble 13.4%

Dec 29, 2011 | 11:50 AM | Corinna Petry

Tags  steel imports, preliminary license data, US Census Bureau, Michelle Applebaum, American Insitute for International Steel, Precision Metalforming Association, William Gaskin, Corinna Petry

CHICAGO — U.S. steel imports totaled just under 1.84 million tonnes in November, according to preliminary license data, down 13.4 percent from October’s final count of 2.12 million tonnes but up by a similar percentage from November 2010.

The November imports put the year-to-date total at 23.9 million tonnes, according to U.S. Census Bureau data.

One steel analyst anticipates an increase in imports in the first part of 2012. "We expect to see a pickup . . . in the mid- to late first-quarter timeframe as a result of three factors: pricing, lead times and confidence," Michelle Applebaum, managing partner of Steel Market Intelligence, Chicago, said in a research note. ....

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