NEW YORK Steel arriving
at U.S. ports appeared poised to increase 4.1 percent in March,
largely due to gains in energy-related products.
Nearly 2.31 million tonnes of
steel were licensed for import for March, according to data
from the Commerce Departments Import Administration, up
from a preliminary February import total of 2.21 million
Most of the steel arriving in
March was likely booked before the first quarter, sources said,
as import transactions in recent months have been difficult due
to softer U.S. prices and stable but lackluster demand (
amm.com, April 2).
"Imports havent really
been part of the picture in the past 90 days or so. The stuff
thats arriving now has been booked before. There
wont really be a lot of stuff showing up (for a) while,"
one trader said.
Import license applications for
oil country tubular goods jumped 33 percent to 234,411 tonnes
in March, boosted by higher shipments from South Korea, Canada,
India and Ukraine, while import licenses for line pipe jumped
17.6 percent to 211,334 tonnes on the back of increased
shipments from Korea and the United Kingdom.
License applications for
hot-rolled bar jumped 17.4 percent to 114,598 tonnes, with a
near-doubling in licenses for China to 40,614 tonnes more than
offsetting an 85.3-percent plunge in U.K. applications to 1,530
Rebar import licenses totaled
111,696 tonnes, a 13-month high, up 49.8 percent from February
due to increases from Turkey and Mexico.
Import licenses for semifinished
product, however, fell 15.4 percent to 468,455 tonnes in March
due to sharp decreases from Russia and Japan vs. the previous
Cold-rolled sheet import
licenses fell 22.3 percent to 81,761 tonnes, the lowest level
since July last year, as China and Brazil logged major