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Stronger US Steel Imports in October


According to US Commerce Department Steel Import Monitoring and Analysis (SIMA) data, reported by the American Iron and Steel Institute, US steel import permit applications totalled 3.1 Mt in October. This is 15% higher than in September and compares with a preliminary import total for actual steel imports of 2.5 Mt for the same month. Despite this, US steel imports for the year to date (including October's SIMA data) were still down by 8% on the same period in 2014 at 31.0 Mt.