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US steel imports poised for August rise

Keywords: Tags  steel, imports, license applications, oil country tubular goods, galvanized sheet, cold-rolled, line pipe, heavy structural shapes catherine ngai

NEW YORK — U.S. steel imports look poised to gain 6.8 percent in August, led by increases in coated material and oil country tubular goods (OCTG).

Steel import license applications totaled 2.44 million tonnes last month, up from a July import total of 2.29 million tonnes, according to data from the U.S. Commerce Department’s Import Administration updated Sept. 4.

Major increases were seen in oil country tubular goods, which rose 35.6 percent due to higher shipments from South Korea and Vietnam; hot-dipped galvanized sheet, which jumped 33.2 percent on increased imports from India and Italy; and cold-rolled imports, which rose 31.1 percent as more material arrived from South Korea.

Decreases were registered in line pipe, down 15 percent on the back of lower shipments from Italy and Turkey offset by gains from Canada; and heavy structural shapes, which plunged 25.7 percent due to declines in imports from Japan
and Luxembourg.

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