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U.S. October Imports of Steel Products Report (Text)

Following is the text of the U.S. steel report from the Commerce Department:

The U.S. Census Bureau announced today that preliminary October steel imports were $2.6 billion (2.3 million metric tons) compared to the preliminary September totals of $2.4 billion (2.2 million metric tons).

The October change in steel imports based on metric tonnage reflected increases primarily in line pipes, sheets and strips, and heavy structural shapes; a large decrease occurred primarily in blooms, billets, and slabs. Increases occurred primarily with Korea and Japan; a decrease occurred primarily with Taiwan.

The year to date final statistics through September 2012 showed steel imports of 23.3 million metric tons compared with 19.9 million metric tons through September 2011. The largest commodity increases occurred primarily in oil country goods and blooms, billets, and slabs; a large decrease occurred in heavy structural shapes. The largest country increases occurred primarily with Brazil, Korea, and Turkey; decreases occurred primarily with Australia and Mexico.

To contact the reporter on this story: Stephen Rose in Washington at srose31@bloomberg.net

To contact the editor responsible for this story: Alex Tanzi at atanzi@bloomberg.net

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