DoC: U.S. steel imports from China surge 23% YoY in May

The United States imported 49,913 tonnes of finished steel products from China in May, up 22.7% year-on-year, according to data released by the U.S. Census Bureau under the Department of Commerce (DoC) on July 3.

The May total also marked the second consecutive month of growth after imports hit a five-year low in March. Shipments from China rose by 14.5% from April, bringing total Chinese steel imports over January-May to 207,700 tonnes, up 24% year-on-year. The rise in China-origin steel arrivals coincided with a temporary