Latest numbers show steel import increase for third consecutive month
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reports that the United States imported a total of 2,226,000 net tons (NT) of steel in May, including 1,722,000 NT of finished steel (up 7 percent and 3 percent, respectively, vs. April final data).
This was the highest monthly total since January 2009 and the third consecutive monthly increase.
Annualized total and finished steel imports in 2010 would be 23.0 and 18.1 million NT, respectively, up 42 percent and 28 percent vs. 2009.
Finished steel import market share was an estimated 21 percent in May, vs. a low of 15 percent in August 2009.
Import market share has remained above 20 percent since March.
From our partners
The new Sandvik Ranger surface drill rig offers renowned drilling efficiency with up to 20% lower fuel consumption
Known to many by their former name, Ranger, Sandvik’s DX series surface top hammer drill rigs all feature a revolving…
MORE FROM Aggbeat Online
SUBSCRIBE & FOLLOW
- A set of dinosaur footprints were found in a German quarry615 Views
- A Game of Stones: Quarry set location of 'The Wall' in HBO show could become a permanent attraction500 Views
- A miner was seriously injured after a metal walkway gave way393 Views
- Summit Materials acquires Utah construction materials company385 Views
- The U.S. saw an increase in construction aggregates in the second quarter351 Views