DoC: US steel imports rebound MoM in April, Jan-Apr tumble 30%

The United States imported around 1.73 million tonnes of steel products in April, up 123,262 tonnes or 7.7% from March, though the volume remained 8.3% lower on year, according to data released by the U.S. Census Bureau under the Department of Commerce (DoC).

The on-month increase was partly linked to overseas suppliers rushing shipments in early April to avoid higher tariff penalties, after Washington significantly raised the tariff base for steel imports effective April 6, Mysteel Global notes. Under the new rule, the additional ad valorem duties on steel products shifted from applying