NEW YORK U.S. steel imports jumped to the highest total in more than a year in October on strong increases in oil country tubular goods (OCTG), semifinished material and cold-rolled sheet, according to preliminary U.S. Census Bureau data.
Steel imports totaled 2.78 million tonnes in October, up 8.5 percent from 2.56 million tonnes in September and 17.4 percent ahead of the 2.36 million tonnes seen in October 2012.
OCTG reversed course in October, logging a major increase to 355,275 tonnes, up 53.5 percent month on month 33.5 percent higher year on year.
Cold-rolled sheet imports also reversed track, rising 32.1 percent to 128,553 tonnes in October, the highest figure since November 2012, when the tally was 133,889 tonnes.
Semifinished product imports increased 27.8 percent to 735,151 tonnes, the highest figure in more than a year.
Meanwhile, imports of hot-rolled sheet fell 29.1 percent to 193,082 tonnes, while those of plate in coils dropped 24.4 percent to 87,937 tonnes.