Steel import licenses buck three-month trend

Jul 03, 2013 | 03:09 PM | Catherine Ngai

Tags  steel imports, license applications, Commerce Department, Import Administration, OCTG, line pipe, semifinished steel, galvanized sheet Catherine Nga

NEW YORK — U.S. steel imports appeared to be on course to fall 8.5 percent in June, led by sharp declines in shipments from Turkey, Russia and Brazil, after logging three consecutive monthly gains.

Steel import license applications totaled nearly 2.33 million tonnes last month, down from May’s preliminary figure of 2.54 million tonnes, according to data from the U.S. Commerce Department’s Import Administration.....

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