Following is the text of the U.S. steel report from the Commerce Department:
The U.S. Census Bureau announced today that preliminary February steel imports were $1.8 billion (1.6 million metric tons). This was a decrease of $0.3 billion (0.2 million metric tons) from the preliminary January totals of $2.1 billion (1.9 million metric tons).
The February change in steel imports based on metric tonnage reflected decreases primarily in hot rolled sheets and oil country goods. Decreases occurred primarily with Mexico.
The year to date final statistics through January 2011 showed steel imports of 1.9 million metric tons compared with 1.5 million metric tons through January 2010. The largest commodity increase occurred primarily in oil country goods and the largest commodity decrease occurred primarily in line pipe greater than 16 inches. The largest country increases occurred primarily with Mexico and Brazil.
SOURCE: U.S. Commerce Department http://www.bea.gov
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