NEW YORK U.S.
steel imports appeared to be on course to fall 8.5 percent in
June, led by sharp declines in shipments from Turkey, Russia
and Brazil, after logging three consecutive monthly gains.
Steel import license
applications totaled nearly 2.33 million tonnes last month,
down from Mays preliminary figure of 2.54 million tonnes,
according to data from the U.S. Commerce Departments
applications fell 50 percent to 77,016 tonnes largely due to a
decrease in reinforcing bar to 45,337 tonnes in June from
preliminary imports of 101,094 tonnes in May.
Brazil and Russia also
registered hefty steel product declines (down 59.1 percent and
37.7 percent, respectively) due to decreased volumes of
By product, decreases
were recorded for semifinished steel (down 20 percent) and
hot-dipped galvanized sheet and strip (down 26.1 percent),
while increases were seen in oil country tubular goods (up 15.4
percent), hot-rolled sheet (up 42 percent) and line pipe (up
Moving forward, some
sources said that imports of energy products likely will be
curtailed in the near term due to a long-awaited trade case
filed June 2 by a number of U.S. producers against imports of
OCTG from nine countries (
amm.com, July 2).