The U.S. Census Bureau announced today that preliminary February steel imports were $2.6 billion (2.9 million metric tons) compared to the preliminary January totals of $2.7 billion (2.9 million metric tons).
The January change in steel imports based on metric tonnage reflected an increase primarily in blooms, billets and slabs and a decrease primarily in reinforcing bars, the Census Bureau said. Increases occurred primarily with Brazil, United Kingdom and India, while decreases occurred primarily with Turkey, Korea and Canada.
The year to date final statistics through January 2014 showed steel imports of 2.9 million metric tons compared with 2.4 million metric tons through January 2013. The largest commodity increase occurred primarily in blooms, billets and slabs, while decreases occurred primarily in line pipe and hot rolled bars. The largest country increase occurred primarily with Russia, and decreases occurred primarily with United Kingdom, Canada and Argentina.