Imports fallUS steel companies have had their share of victories in their battle against unfairly traded steel products. Preliminary duties have been imposed on three key steel product categories: hot rolled, cold rolled, and corrosion-resistant steel products. US steel imports have been falling gradually since the beginning of 2015 as can be seen in the graph above.
The downtrend in steel imports continued in February 2016. US steel imports fell ~40% year-over-year (or YoY) according to the preliminary data released by the United States Census Bureau. This was preceded by a 41% YoY decline in January as well. February steel imports are the lowest since December 2011.
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