Saturday, February 26, 2005
U.S. steel imports fall 18 percent in January
MarketWatch
The United States imported 18 percent less steel in January than in December, according to a survey released Friday by the American Institute for International Steel.
"The AIIS monthly survey indicators have been suggesting somewhat of a fall-off from higher import months and these data could be the beginning of that trend," said AIIS president David Phelps.
Sharply higher steel prices over the past year have been blamed by U.S. manufacturers, like the auto parts industry, for lower profit margins and higher product prices.
The United States imported 18 percent less steel in January than in December, according to a survey released Friday by the American Institute for International Steel.
"The AIIS monthly survey indicators have been suggesting somewhat of a fall-off from higher import months and these data could be the beginning of that trend," said AIIS president David Phelps.
Sharply higher steel prices over the past year have been blamed by U.S. manufacturers, like the auto parts industry, for lower profit margins and higher product prices.
