Following is the text of the U.S. steel report from the Commerce Department:
The U.S. Census Bureau announced today that preliminary June steel imports were $2.8 billion (2.4 million metric tons) compared to the preliminary May totals of $3.2 billion (2 .7 million metric tons).
The June change in steel imports based on metric tonnage reflected a decrease primarily in blooms, billets, and slabs. Decreases occurred primarily with Russia and Japan.
The year to date final statistics through May 2012 showed steel imports of 13.4 million metric tons compared with 10.8 million metric tons through May 2011. The largest commodity increases occurred primarily in oil country goods and blooms, billets, and slabs. The largest country increases occurred primarily with Russia and Brazil; decreases occurred primarily with Mexico and Australia.
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