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January imports increase by 33% over December

Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the United States imported a total of 2,658,000 net tons (NT) of steel in January 2008, including 2,197,000 NT of finished steel (up 33 and 37 percent, respectively, vs. December final data). Total and finished steel imports on an annualized basis are down 4 and 1 percent, respectively, vs. 2007. On an annualized basis, total imports of steel in 2008 would be 31.9 million NT.

Among the products showing large increases in January 2008 vs. the month before were Structural Shapes Heavy (up 152%), Reinforcing Bar (up 132%), Oil Country Goods (up 109%), Hot Dipped Sheets & Strip (up 57%), Cold Rolled Sheets (up 31%), Hot-rolled Bars (up 27%) and Hot Rolled Sheets (up 24%).