While the Covid-19 pandemic has hit domestic steel demand, it has not prevented foreign products from entering the United States, according to an advance indicator of offshore arrivals.
The United States was licensed to import 2.11 million tonnes of steel products in March, up by 54.1% from 1.37 million tonnes in February and up by 2.4% from 2.06 million tonnes in March 2019, according to license data from the US Department of Commerce's Enforcement and Compliance division.