Steel Imports Down 15.3 Percent in June

Imports of foreign steel remain surprisingly resilient despite the 25 percent tariff imposed by the Trump administration. Imports saw a decline in June, but appear to be rebounding in July.

Imports of foreign steel declined by about 450,000 tons in June or 15.3 percent from the previous month, according to preliminary Census data released by the Commerce Department on Wednesday. Preliminary data for June shows imports of all steel products totaling 2,480,139 net tons, down from the final total for May of 2,929,652 tons.