by warrensx2
Based on reported import licenses, US long products imports climbed 16% from 115,000 short tons in February to 133,000 tons in March.
February actual imports were even lower than licenses indicated at mid-March because February rebar licenses were revised from 59,000 tons to 29,000 tons after our mid-March collection time. March rebar licenses reported at mid-April indicate a return to the 60,000 ton level, but licenses for all other products are down in March compared to February actuals. In addition, preliminary long products import licenses for April collected 14 April were only 27,000 tons which means that full-month April imports will hit a new historical low.
