Nerds of Steel

US long products imports will continue to decline in March. Long products import licenses continued their decline to 257,000 short tons in March, compared to February import actuals of 330,000 tons and January actuals of 385,000 tons. Rebar licenses led this decline with March import licenses at 77,000 tons compared to February actuals of 119,000 tons. Parallel Flange Sections imports appear to be returning to lower levels achieved in early 2007 with March licenses at 27,000 tons compared to February’s actuals of 69,000 tons.

US long products imports rose in January for the first time since June 2007, based on SIMA US import licenses. As you can see in the spreadsheet below, an increase in rebar and beam import licenses is driving the rebound. Rebar licenses almost tripled in Jan 08 compared to the Dec 07, but are still lower than average 2007 monthly actuals. Beam licenses, on the other hand, have reached their highest levels since December 2006, and February beam imports already look like they will be high based on licenses collected up to February 12th.