In about-face, US steel imports set to fall

Jul 03, 2014 | 04:13 PM | Thorsten Schier

Tags  steel imports, import license applications, Enforcement and Compliance, Thorsten Schier

NEW YORK — U.S. steel imports are on course to fall in June after two months of gains, driven by significant declines in inflows of blooms, billets and slabs, line pipe and heavy structural shapes.

Import license applications totaled nearly 3.12 million tonnes last month, down 14.5 percent from preliminary May imports of more than 3.64 million tonnes, according to data updated July 1 by the U.S. Commerce Department’s Enforcement and Compliance division.....

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