Russia, China drive steel imports up in July

Aug 26, 2014 | 07:27 PM | Michael Cowden

Tags  preliminary steel imports, Commerce Department, Enforcement and Compliance division, suspension agreement, Russian steel, cold-rolled coil, coated sheet, hot-dipped galvanized sheet Chinese steel

CHICAGO — U.S. steel mill product imports rose 6.1 percent in July due in part to increased inflows of hot-rolled coil from Russia, and cold-rolled and hot-dipped galvanized from China.

The jump in Russian flat-rolled shipments comes as several U.S. steelmakers push for the end to the longstanding suspension agreement with Russia amid turmoil in eastern Ukraine (, July 31) and as the market is rife with talk of a potential cold-rolled and coated trade petition likely to target Chinese steel (, Aug. 25).

U.S. imports of Russian hot-rolled coil—in the form of hot-rolled sheet (63,342 tonnes) and plate in coils (62,560 tonnes)—totaled 125,902 tonnes in July vs. no shipments from the country in July 2013, according to preliminary data from the U.S. Commerce Department’s Enforcement and Compliance division. That figure is also more than double the 53,844 tonnes of hot-rolled sheet and coiled plate imported from Russia in June.....

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