Steel import licenses hit 11-month low

Jan 03, 2013 | 03:22 PM | Catherine Ngai

Tags  steel, imports, Commerce, hot-rolled steel, Catherine Ngai

NEW YORK — Steel arriving at U.S. ports through December was poised to hit an 11-month low, due to major volume declines across most finished steel products.

Import license applications in December tallied 2.1 million tonnes, an 11.3-percent decrease from November preliminary import figures, according to data from the Commerce Department’s Import Administration. Those figures, however, were up from December 2011 imports of 1.9 million tonnes. ....

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