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YTD Steel Import Levels Alarmingly Low

YTD Steel Import Levels Alarmingly Low

Friday, October 28, 2005
 
According to preliminary data from the Department of Commerce, overall 2005 year-to-date (YTD) steel imports are down 10 percent from 2004 levels through September, and total imports dropped 5 percent from August 2005 to September 2005. YTD imports of hot- and cold-rolled steel are down 20 percent from 2004, “further testament for the need of increased steel imports for U.S. steel consumers to more easily obtain the steel they need at globally competitive prices,” says William E. Gaskin, president of the Precision Metalforming Association.

 

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