JOC Staff | Dec 04, 2012 1:31PM EST
U.S. steel imports in October were 2.54 million tons, dropping 2.5 percent from 2.60 million tons in September and falling 8.5 percent from 2.34 million tons in October 2011, according to preliminary government data covered by the American Institute for International Steel.
In the first 10 months of 2012, imports were 28.23 million tons, increasing 16 percent from 24.33 million tons during the same period last year.
Imports from NAFTA partners in October dropped even more significantly than the total, said David Phelps, president of AIIS. For example, imports from Canada and Mexico fell 4.1 percent and 10.0 percent, respectively, compared with September, he said.
