DoC: U.S. steel imports rise slightly MoM in February

U.S. steel imports edged up to around 1.53 million tonnes in February, an increase of 26,753 tonnes or 1.8% from January but a decline of 509,773 tonnes or 25% from a year earlier, according to data released by the U.S. Census Bureau under the Department of Commerce (DoC).

The import value stood at $1.48 billion, down 3.9% month on month and 36% year on year, according to Mysteel calculations based on DoC data. The average import price fell to $967/tonne, marking a 5.6% decline from January. The modest monthly increase in total steel imports by the United States