January U.S. Steel Imports Up Month-on-Month but Down Year-on-Year
03/01/2013 - U.S. steel imports increased 4.6% in January 2013 compared to December 2012, according to preliminary government data analyzed by the American Institute for International Steel.
U.S. steel imports increased 4.6% in January 2013 compared to December 2012, according to preliminary government data analyzed by the American Institute for International Steel.
“Import levels improved in January in a normal seasonal rebound from end of the year declines as many consumers and distributors delay purchases to January due to inventory tax costs at the end of December. On the other hand, imports remained almost 8.4% below January 2012, reflecting the lower levels of demand as a result of uncertainty at the time these imports are ordered caused by concerns related to the then looming fiscal cliff. The normal first quarter seasonal improvement in demand has apparently delayed as a result,” said David Phelps, president of AIIS.
Total steel imports in January 2013 were 2.579 million tons compared to 2.466 million tons in December 2012, a 4.6% increase, and an 8.4% decrease compared to January 2012. The data show that imported semifinished products decreased by 2.8% in January 2013 compared to January 2012, from 487,000 tons in 2012 to 473,000 tons in 2013, based on preliminary reporting.
The American Institute for International Steel is the only steel related association which supports free trade. The Institute accomplishes its mission through advocacy, networking, communications and education.
