After long dip, import licenses rise in Oct.
Nov 07, 2012 | 05:11 PM
| Catherine Ngai
Tags
steel,
imports,
hot-dipped galvanized,
hot-rolled sheet,
line pipe,
reinforcing bar,
Catherine Ngai
NEW YORK — Steel imports are poised to halt a five-month slide and jump 10.7 percent from September to October thanks to gains in line pipe, hot-dipped galvanized product and hot-rolled sheet.
Steel license applications hit 2.45 million tonnes in October, up from 2.21 million tonnes in September, according to data updated Tuesday evening from the U.S. Department of Commerce’s Import Administration division. October’s figures are also higher than the 2.1 million tonnes tallied in the year-ago period. ....
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