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US Steel import permits decreased in July

According to the data of the American Iron and Steel Institute, steel import permit applications in July…

US Steel import permits decreased in July

According to the data of the American Iron and Steel Institute, applications for permits for steel imports in July decreased by 13% compared to June, amounted to 2,461,000 tons. It was 2,826,000 tons in June.

The tonnage of allowed imports of finished steel in July was 2,082,000 tons, down 5.5% from 2,204,000 tons in June.

On the other hand, total imports and finished steel imports in the first 7 months of 2022 increased by 91% and 30%, respectively, compared to the same period of 2021, and reached 19,230,000 tons and 15,510,000 tons.

In July, the largest number of applications for steel import permits was submitted by Canada -515,000 tons, followed by Mexico - 440,000 tons, South Korea - 257,000 tons, Brazil - 247,000 tons and Japan -161,000 tons.

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