US steel import licenses jump month on month in February

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.
On a percentage basis, most of the month-to-month gains were from semi-finished steel goods, oil country goods and line pipe, but volumes of both oil country goods and line pipe have dropped compared with the same month a year ago, falling by 29.6% and 64.3% respectively.

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