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Steel Consumers Troubled By Decrease
in Hot- and Cold-Rolled Steel Imports

Steel Consumers Troubled By Decrease
in Hot- and Cold-Rolled Steel Imports

Thursday, June 23, 2005
 
Precision Metalforming Association (PMA) President William E. Gaskin expressed concern over the Department of Commerce (DOC) announcement that April imports for hot- and cold-rolled sheets decreased from March levels. The DOC reported hot-rolled steel imports for April at 267,000 metric tons, a 13-percent decrease compared to March; and cold-rolled steel imports at 180,000 metric tons, a one-percent decline compared to March. “While overall steel import levels rose by nine percent in April compared to March, the decrease in hot- and cold-rolled sheets causes concern for the metalforming industry,” says Gaskin. “If imports of hot- and cold-rolled steel continue at the same pace of the first four months of this year, the projected total for these imports in 2005 will be nearly 5.5 million metric tons—approximately 11 percent lower than the 6.2 million metric tons of this material that was imported last year.”

 

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