February Imports Down 8% Versus January

Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 2,458,000 net tons (NT) of steel in February 2008, including 1,905,000 NT of finished steel (down 8 and 14 percent, respectively, vs. January final data). Total and finished steel imports on an annualized basis are down 8 and 7 percent, respectively, vs. 2007. On an annualized basis, total imports of steel in 2008 would be 30.7 million NT.

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