US steel imports slide 11.1% in June
Jul 25, 2014 | 05:57 PM
| Thorsten Schier
NEW YORK U.S. steel imports fell in June but calls for trade action, particularly vs. value-added sheet products from China, are mounting as more cold-rolled flowed in from the Asian nation.
Imports of cold-rolled sheet from China totaled 77,079 tonnes in June, according to preliminary U.S. Census Bureau data, up 76.9 percent from 43,575 tonnes in May and more than six times imports of 12,468 tonnes in June last year
Total cold-rolled sheet imports last month jumped 31.5 percent from May and were more than double those of a year earlier.
Domestic mills might start seeing a flurry of orders for value-added sheet products due to saber-rattling on imports, one mill source told AMM. "It seemed like hot-rolled (coil) was firming up, but now it seems coated is much firmer," he said.....
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