Steel import licenses hit 11-month low
Jan 03, 2013 | 03:22 PM
| Catherine Ngai
NEW YORK Steel arriving at U.S. ports through December was poised to hit an 11-month low, due to major volume declines across most finished steel products.
Import license applications in December tallied 2.1 million tonnes, an 11.3-percent decrease from November preliminary import figures, according to data from the Commerce Departments Import Administration. Those figures, however, were up from December 2011 imports of 1.9 million tonnes. ....
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