Following is the text of the U.S. steel report from the Commerce Department:
The U.S. Census Bureau announced today that preliminary May steel imports were $3.2 billion (2.7 million metric tons compared to the preliminary April totals of $3.0 billion (2.7 million metric tons).
The April change in steel imports based on metric tonnage reflected an increase primarily in plates in coils and hot rolled sheets. An increase occurred primarily with Russia; a decrease occurred primarily with Japan.
The year to date final statistics through April 2012 showed steel imports of 10.7 million metric tons compared with 8.1 million metric tons through April 2011. The largest commodity increase occurred primarily in blooms, billets and slabs. The largest country increases occurred primarily with Brazil and Russia; decreases occurred primarily with Mexico and Australia.
The data in this report are preliminary and subject to revisions.
Analysis of recent months for steel product imports indicates the value of preliminary data should equal about 96 percent of the final value reported in the regular monthly trade statistics report. Preliminary data reported for individual steel categories and at the individual country of origin level have been less consistently predictive of the final data reported in the regular monthly trade statistics. For further details, visit the Foreign Trade Division web site at www.census.gov/trade. On the website, you can access product by country and country by product tables.
The next release is July 24, 2012.
SOURCE: U.S. Commerce Department http://www.bea.gov
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