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Steel imports up 13.9% in August vs. July

Sep 25, 2013 | 07:02 PM |

Tags  steel imports, oil country goods, line pipe, cold-rolled, Catherine Ngai

NEW YORK — U.S. steel imports edged up in August due to large shipments of oil country goods, cold-rolled sheet and line pipe, according to preliminary U.S. Census Bureau data.

Steel imports totaled about 2.6 million tonnes last month, up 13.9 percent from 2.29 million tonnes in July and 7.3 percent higher than the 2.43 million tonnes imported in the same month last year.

Oil country goods saw the biggest gain, jumping to 342,204 tonnes in August, up 61.8 percent month on month and 27.9 percent year on year.

Imports of line pipe over 16 inches reversed last month’s slide with a 39-percent gain to 67,562 tonnes, although the tally was down 25.6 percent from 90,869 tonnes in August 2012.

Losses were seen in imports of cut-to-length plate (down 10.4 percent) and hot-rolled sheet (off 10.1 percent).

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How will the US Treasury Department’s sanctions against UC Rusal affect the US downstream aluminium sector?

They will have a severe impact; companies might go out of business.
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They will have no impact, business will be unaffected

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