Yahoo! News – Steel Imports Inch Upward: “The largest country exporters to the United States were Mexico, Germany, Canada and Brazil.
The United States and the European Union want China to eliminate export restrictions on coke, a key ingredient in making steel. Both believe that China’s coke export restrictions are a clear violation of World Trade Organization rules.
Coke prices have more than doubled in the past year to about $420 per ton, driven by China’s export curbs and soaring demand from other developing nations.
But rising steel prices have not dampened demand in the United States. Earlier this month Commerce revised U.S. March orders for durable goods, many of which include steel, to a 5.0 percent jump from a previously reported 3.4 percent rise.”