Friday, June 24, 2011
Steel Imports on the Rise
Based on preliminary statistics from the U.S Census Bureau, the American Iron and Steel Institute has reported steel importation has risen six percent. The report went public on June 21, stating the U.S. imported 2,692,000 net tons (NT) of steel in May, including 1,838,000 NT of finished steel. Indicating, in part, a boost in construction, the largest steel imports came ashore from South Korea, Japan, China, Germany and Turkey. Several key finished steel products with dramatic import increases include: wire rod, plates in coils, oils country goods and heavy structural shapes. To read the full article from Aggregates Manager and to view the report from the American Iron and Steel Institute, visit http://bit.ly/kITQeJ.