US steel product import volumes plummet in December

US steel imports fell by more than 10% month on month and year on year in December, marking a second month of significant declines.

Steel product import volumes into the United States fell by more than 10% month-on-month and year-on-year in December 2017, making it the second consecutive month to show significant declines. “December data continues to support an improving US supply-side story into 2018,” Seth Rosenfeld, an equity analyst at New York-based investment bank Jefferies, said in a research note on Tuesday January 2. “Mills should continue to exhibit improved pricing power and market...

Published

Thorsten Schier

January 03, 2018

18:16 GMT