Jan. 8, 2014
U.S. Steel Imports Decline in November
The United States imported 2.6 million tons of steel in November, down 16.7 percent from the previous month and 3.7 percent from the previous year, according to Census Bureau data. November finished steel imports of 1.9 million tons were off 16.2 percent compared to October and 5.0 percent compared to November 2012.
For the year-to-date compared to 2012, total steel imports declined 4 percent to 29.6 million tons, while finished steel imports dipped 5 percent to 22.9 million tons. Imports' share of the finished steel market in November totaled 22 percent, down slightly from the 23 percent for the year to date.
Rebar was the only finished steel product to show a significant increase in imports in November compared to October, up 26 percent. Major products with significant year-to-date import increases include rebar, up 23 percent; hot-rolled bars, up 14 percent; and sheets and strip and all other metallic coatings, up 12 percent.
In November, the largest volumes of finished steel imports from offshore came from South Korea at 244,000 net tons, down 38 percent versus October; China at 163,000 tons, down 24 percent; Japan at 139,000 tons, up 11 percent; and Germany at 103,000 tons, down 5 percent.
Through 11 months, the largest offshore suppliers were South Korea at 3.4 million tons, down 2 percent from 2012; China at 1.8 million tons, up 18 percent; Japan at 1.7 million tons, down 5 percent; and Turkey at 1.2 million tons, down 11 percent.