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Steel Imports Plummet in February

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U.S. steel imports dropped 13 percent in February, compared with the year-ago period, according to the American Institute for International Steel, Alexandria, Va. Imports totaled 2.4 million tons in February, down 18 percent from January.
Imports from Canada totaled 499,000 tons during the month, down 10.5 percent from January but up 2.3 percent over February 2017. European Union imports increased almost 9 percent over the previous month to 377,000 tons.
February imports from South Korea, Brazil and Mexico totaled 277,000 tons, 238,000 tons and 225,000 tons, respectively. From January, imports from South Korea dropped 18.4 percent, Brazilian imports decreased 36.4 percent and Mexican imports fell 32.5 percent. Imports from South Korea increased 5.6 percent year over year, while imports from Brazil and Mexico were down 37 percent and 14.2 percent, respectively, compared with last February.
U.S. steel imports through the first two months of the year decreased 5.4 percent from last year to 5.2 million tons. For the year to date, semifinished imports declined 12.3 percent to 987,000 tons.

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