Finished steel import volumes into the United States again dropped both month on month and year on year in June, reflecting a lack of interest in foreign products due to weak steel market fundamentals.
US finished steel imports totaled 1.3 million tonnes in June, down by 22.8% from 1.6 million tonnes in May and down by 31.8% from 1.8 million tonnes in June 2019, according to preliminary Census data from the US Department of Commerce's Enforcement and Compliance division, last updated on Friday June 24.The month-on-month and year-on-year declines were largely driven by the steep drop in imports...