Census Reports Rise in Steel Imports in March; Steel Imports Also Increased for YTD
The Census Bureau announced that preliminary March steel imports were $3 billion (2.6 million metric tons compared to the preliminary February totals of $2.8 billion (2.4 million metric tons). According to Census, the March change in steel imports based on metric tonnage reflected an increase primarily in blooms, billets and slabs. An increase occurred primarily with Mexico; a decrease occurred primarily with India.
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Census said the year to date final statistics through February 2012 showed steel imports of 5 million metric tons compared with 3.6 million metric tons through February 2011. The largest commodity increase occurred primarily in blooms, billets and slabs. The largest country increase occurred primarily with Russia and Brazil; the largest country decrease occurred primarily with Mexico.